The Supreme Court of India upheld Adani Enterprises' ₹14,543 crore ($1.75 billion USD) resolution plan for Jaiprakash Associates Limited (JAL), dismissing Vedanta Limited's request for a stay. The court's decision allows the implementation of the plan, which has received 94% approval from financial creditors, to move forward. Vedanta, which lost in the bidding process, contends that its own bid of ₹17,926 crore ($2.15 billion USD) was superior and that the process lacked transparency. The National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) had previously upheld the lenders' decision to favor Adani's proposal, citing qualitative factors such as the speed of payments. The next hearing is scheduled for April 10, where the NCLAT will further review the case. Adani's plan is projected to recover approximately 24% of the admitted claims of ₹60,637 crore ($7.3 billion USD), with significant assets including a land bank in Noida and Greater Noida.