Vedanta Ltd., an unsuccessful Resolution Applicant, filed two appeals challenging separate orders dated 17.03.2026 passed by the National Company Law Tribunal (NCLT), Allahabad Bench. The NCLT had rejected Vedanta's application (IA No.01/2026) to set aside the Committee of Creditors' (CoC) decision and instead approved the Resolution Plan submitted by M/s Adani Enterprises Ltd. (Respondent No.3) in IA (Plan) No.11/2025. The Corporate Insolvency Resolution Process (CIRP) for Jaiprakash Associates Ltd. (JAL) commenced on 03.06.2024, with Shri Bhuvan Madan appointed as Interim Resolution Professional (IRP) and subsequently confirmed as Resolution Professional (RP). Following the submission of Expression of Interests and various resolution plans, the CoC initiated a

Vedanta Ltd., an unsuccessful Resolution Applicant, filed two appeals challenging separate orders dated 17.03.2026 passed by the National Company Law Tribunal (NCLT), Allahabad Bench. The NCLT had rejected Vedanta's application (IA No.01/2026) to set aside the Committee of Creditors' (CoC) decision and instead approved the Resolution Plan submitted by M/s Adani Enterprises Ltd. (Respondent No.3) in IA (Plan) No.11/2025. The Corporate Insolvency Resolution Process (CIRP) for Jaiprakash Associates Ltd. (JAL) commenced on 03.06.2024, with Shri Bhuvan Madan appointed as Interim Resolution Professional (IRP) and subsequently confirmed as Resolution Professional (RP). Following the submission of Expression of Interests and various resolution plans, the CoC initiated a