The Supreme Court refused to pause Adani Enterprises’ resolution plan for Jaiprakash Associates Limited and asked NCLAT to hear Vedanta’s appeal on April 10. The Court said the appellate tribunal should decide the matter without delay after hearing all parties.
The Delhi High Court ruled that banks failed to prove intentional misuse of borrowed funds by Ratul Puri and Nita Puri, striking down their wilful defaulter status. This decision highlights the need for solid evidence before labeling borrowers, protecting them from serious financial and reputational damage.
