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Supreme Court Declines to Halt Adani's Jaiprakash Associates Resolution Plan, a Blow to Vedanta

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SC Refuses to Stay Adani's JAL Resolution Plan, Setback for Vedanta

SC Refuses to Stay Adani's JAL Resolution Plan, Setback for Vedanta

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CNBC TV18•06-04-2026, 14:19

SC Refuses to Stay Adani's JAL Resolution Plan, Setback for Vedanta

•Supreme Court refused to stay Adani Enterprises Ltd’s resolution plan for Jaiprakash Associates Ltd.
•The decision is a setback for Vedanta Ltd., which challenged Adani's plan.
•NCLAT will hear Vedanta’s appeal on April 10; major decisions require NCLAT approval.
•Vedanta argued its bid of ₹17,926 crore was higher than Adani’s ₹14,525 crore.
•Committee of Creditors approved Adani's plan with a 93.81% vote share, citing adherence to framework.

Read Full Article on Cnbc in English

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Vedanta is the biggest loser on the index, down 5%. At the day's low, its market capitalisation stood at ₹2.49 lakh crore. Hindalco is also among the top Nifty 50 losers, down 4%, while NALCO has declined 4.5%.

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