Vedanta moves NCLAT, challenges NCLT nod to Adani's bid for acquiring Jaiprakash Associates

Vedanta Group has appealed to the NCLAT against the NCLT's decision to approve Adani Group's bid for Jaiprakash Associates Ltd. The NCLT had earlier sanctioned Adani Enterprises Ltd's Rs 14,535 crore offer. Lenders had approved Adani's plan in November last year. Vedanta was also a contender for the acquisition.

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