Case of Vedanta Ltd vs Bhuvan Madan RP of Jaiprakash Associates Ltd, NCLAT Delhi Judgement Dated 4th May 2026. The appellate tribunal concluded that a resolution applicant could not unilaterally alter its financial proposal through a last minute addendum after completion of the challenge process and commencement of voting under the Corporate Insolvency Resolution Process (CIRP). It dismissed Vedanta Limited appeal challenging the approval of Adani Enterprises Limited resolution plan for Jaiprakash Associates Limited. It upheld the Committee of Creditors decision, not to consider addendum, holding that decision was not an invalid and untenable decision.
(Link: NCLAT Delhi Judgement Dated 04/05/2026)