The National Company Law Appellate Tribunal has dismissed two petitions filed by Vedanta Limited challenging the selection of a resolution plan submitted by Adani Enterprises for debt-laden Jaiprakash Associates Limited. The tribunal ruled that no valid grounds existed to interfere with the decision of the adjudicating authority, the NCLT. The judgment effectively clears the way for the Adani-led bid to proceed in the insolvency resolution process. The ruling underscores judicial deference to commercial wisdom in insolvency matters under India’s bankruptcy framework.