Vedanta Share Price Gains Over 3% as Company Tells Supreme Court Its Jaypee Bid Tops Adani by ₹3,400 Crore

Vedanta Ltd is making a case in the Supreme Court against the acceptance of Adani Group’s bid for insolvent Jaiprakash Associates Ltd, asserting its offer was financially superior, as per PTI report.  

The dispute highlights the complexities in the ongoing takeover process, which has involved extensive negotiations and legal scrutiny. 

Vedanta Challenges Adani's Approved Bid 

Vedanta has submitted a petition in the Supreme Court challenging the decision to approve Adani Group's takeover bid for Jaiprakash Associates.  

Vedanta claims its revised offer surpassed Adani's by ₹3,400 crore in gross value and ₹500 crore in net present value. Despite this, Adani's ₹14,535 crore resolution plan was accepted by the Committee of Creditors (CoC) in November 2025. 

Vedanta's Enhanced Offer 

The initial bid process saw Vedanta offering ₹3,770 crore upfront and ₹3,100 crore to secured creditors within a year, with an equity infusion of ₹400 crore.  

Following this, Vedanta enhanced its offer, proposing ₹6,563 crore in upfront payment and ₹800 crore in equity infusion, bringing the total bid value to ₹12,505.85 crore. 

Lenders’ Preference for Adani's Proposal 

Despite Vedanta's higher bid, lenders favoured Adani's proposal due to a quicker payment timeline, with an upfront cash payment of approximately ₹6,000 crore and the balance within 2 years.  

Vedanta alleges the CoC acted arbitrarily, disregarding the value maximisation principles of the Insolvency and Bankruptcy Code. 

Read More: Vedanta Share Price Rises as Company Moves Supreme Court Over Jaiprakash Associates Bid Dispute! 

Legal Contentions and Appeal 

The National Company Law Tribunal (NCLT) approved Adani's bid earlier this month, prompting Vedanta to seek intervention from the National Company Law Appellate Tribunal (NCLAT).  

The appellate tribunal, however, declined to stay the decision. Vedanta's petition in the Supreme Court calls for an interim order to halt the implementation of Adani’s resolution plan. 

Implications for the Insolvency Process 

Vedanta argues that the allocation process lacked transparency and due deliberation, questioning the resolution professional's role and the influence of external consultants.  

The contention underscores tensions in corporate insolvency proceedings, focusing on the principles of fairness and maximisation of asset value for creditors. 

Vedanta Share Price Performance  

As of April 1, 2026, at 9:41 AM, Vedanta share price on NSE is trading at ₹679, up by 3.78% from the previous closing price. 

Conclusion 

The dispute between Vedanta and Adani over the acquisition of Jaiprakash Associates underscores the intricate dynamics of corporate takeovers during insolvency. It brings into focus the balance between financial considerations and procedural fairness in creditor decisions. The Supreme Court's examination will be pivotal in affirming or contesting the existing resolution plan. 

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