Suvaaankoor Das, partner at Lex Consult, said, "Mandating prior approval of NCLAT for any decision after approval of a resolution plan will hinder the effectiveness and execution of a resolution plan. On 24 March, the appellate tribunal declined interim relief, allowing implementation of Adani’s plan to proceed, subject to the outcome of the appeal. Despite this, lenders approved Adani’s plan, which Vedanta claims was lower by about ₹3,400 crore in total value and ₹500 crore in net present value. Adani’s plan secured about 93.8% of the voting share from financial creditors, well above the required threshold. According to the resolution plan, Adani Enterprises’ bid stands at about ₹14,543 crore, and with ₹800 crore earmarked for capital expenditure and working capital, the total plan value comes to around ₹15,343 crore.

Source: Mint April 06, 2026 17:07 UTC