NCLAT declines interim stay on Adani's Rs 14,535-cr bid for Jaiprakash Associates

The Insolvency Appellate Tribunal has not granted an interim stay on Vedanta’s challenge to the NCLT’s approval of Adani Group’s bid for Jaiprakash Associates. The tribunal has sought a response from the Committee of Creditors within a week. The matter will be heard again on April 10. Vedanta had challenged the NCLT order approving Adani’s Rs 14,535 crore bid.

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