The National Company Law Appellate Tribunal (NCLAT) on Monday (May 4, 2026) dismissed the two petitions filed by Vedanta Ltd, where the mining group challenged the selection of Adani Enterprises’ bid for debt-ridden Jaiprakash Associates Ltd (JAL).

A two-member bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra said: “No grounds have been made out by the appellant [Vedanta] to interfere with the decision of the adjudicating Authority [NCLT].”

“There is no merit in the appeal. Both appeals are dismissed. There shall be no orders to pass,” said NCLAT.