New Delhi, Feb. 12 -- Billionaire Anil Agarwal-led Vedanta Ltd on Thursday urged the National Company Law Tribunal (NCLT) to review a decision by lenders to approve Adani Enterprises Ltd's over Rs.15,000 crore resolution plan for bankrupt Jaiprakash Associates Ltd (JAL).

Terming the approval a "commercial conspiracy", Vedanta challenged the November 2025 decision of the committee of creditors (CoC) in the Allahabad bench of the NCLT and requested the tribunal to send the plan back to lenders for fresh consideration.

Senior advocate U.K. Chaudhary, appearing for Vedanta, told the court that lenders had sidelined the company even though it had emerged as the highest bidder in earlier rounds of bidding.

Vedanta claimed that it had emerged...