Adani के खिलाफ Vedanta क्यों Supreme Court में? कम बोली में कैसे मिला JP Associates?|Kharcha Paani

3 months ago 39


Jaiprakash Associates (JAL), a once-prominent cement and infrastructure company, went bankrupt in June 2024 under a debt burden of over ₹57,000 crore, triggering a high-stakes insolvency battle between corporate giants like Vedanta Group and Adani Enterprises. Despite Vedanta placing a higher bid of over ₹16,000 crore compared to Adani’s ~₹14,500 crore offer, the Committee of Creditors (CoC) approved Adani’s resolution plan—primarily due to its higher upfront payment and faster recovery timeline—and this decision was later upheld by the NCLT. Challenging the move, Vedanta has now approached the Supreme Court seeking an urgent stay, arguing that its bid offered better financial value and that selecting a lower bid goes against the core principle of the Insolvency and Bankruptcy Code (IBC), which prioritizes maximum value recovery. With questions around transparency, creditor power (especially NARCL’s dominant voting share), and the interpretation of “value” in insolvency proceedings, this case has now become a crucial test for India’s bankruptcy framework—explained in detail in today’s episode of Kharcha Paani. The copyright ownership in the video rests with India Today Group. No third party is permitted to use the video without obtaining the permission of India Today Group. Any permission for usage can be obtained through the email ID provided here: [email protected]. न्यूज़ लेटर के लिए क्लिक करें : https://www.thelallantop.com/newsletter खबरों को विस्तार से पढ़ने के लिए क्लिक करें यहां : https://www.thelallantop.com/ Instagram: @thelallantop Facebook: @thelallantop Twitter: @TheLallantop Production: Shruti Agarwal Video Editor: DANISH
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