India court turns down request to pause Adani’s real estate, F1 track deal - Reuters

<a href="https://news.google.com/rss/articles/CBMiuAFBVV95cUxQN08tMmowVGpoMTF6dElET1p5QWI5bnJvLUdoMWhQX0lxaDhHM2dOd1hoNHhLLVFVNUFGUlp0bFFpdWo4ZkdvSVpHc0dtRlFleDdwblVkMzVGbDVHOTEwN004SVBvN04yNmwwOHNJa3B3OW1Gek5INWhqWTBvS1FtUUc3Y0VtUmdmQjhZdXhScDhuRzBvNXpFamlTRmx1V2JXM3BiMVJqUERBaWdnYlVNWW02bUl0akNF?oc=5" target="_blank">India court turns down request to pause Adani’s real estate, F1 track deal</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

India's highest court rejected a plea by Vedanta to halt Adani's acquisition of Jaiprakash Associates, which includes assets like India's only Formula One track.

Indian billionaire Anil Agarwal is challenging Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track.

The Supreme Court declined Vedanta's request to pause Adani's acquisition of Jaiprakash Associates, which includes a $4 billion pool of assets, including India's only Formula One track.

The Supreme Court declined to stay the implementation of Adani Enterprises' resolution plan for debt-ridden Jaiprakash Associates Ltd, noting that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10.

The Supreme Court of India declined to interfere with the ongoing implementation of Adani Enterprises Ltd.’s resolution plan for the debt-ridden Jaiprakash Associates Ltd., marking a significant development in the corporate battle between the Adani Group and Vedanta Ltd.