NCLAT Upholds Adani Power’s Bid for Jaiprakash Power Ventures
Legal Setback for Vedanta The National Company Law Appellate Tribunal (NCLAT) in New Delhi dismissed a plea filed by Vedanta Limited on Tuesday, effectively clearing the path for Adani Power to proceed with its acquisition bid for the debt-laden Jaiprakash Power Ventures. The appellate authority rejected Vedanta’s challenge against the Committee of Creditors’ (CoC) decision,…