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JAL’s Missing Auction: Process Finality v/s Value in IBC
The piece examines NCLAT's May 2026 dismissal of Vedanta's challenge to Adani Enterprises' INR 14,535 crore resolution plan for Jaiprakash Associates, where a bid gap of over INR 3,000 crore was left on the table due to the Process Note's bar on post-challenge modifications.
Suhani Chhaperwal
3 days ago6 min read
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