Vedanta questions evaluation metrics behind selection of Adani’s bid for JAL
Vedanta Ltd said the “valuation in the process has been used to wipe out commercial wisdom” by the committee of creditors (CoC). File picture
| Photo Credit: Reuters
Mining giant Vedanta Group on Friday (April 10, 2026) questioned the evaluation metrics adopted by lenders of Jaiprakash Associates Ltd (JAL), which had selected the lower bid of ₹3,400 crore from Adani Enterprises for the debt-ridden company.
During proceedings of the insolvency appellate tribunal, National Company Law Appellate Tribunal (NCLAT), the counsel representing Vedanta Ltd said the “valuation in the process has been used to wipe out commercial wisdom” by the committee of creditors (CoC).
Published – April 10, 2026 06:16 pm IST
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