During a hearing at the National Company Law Appellate Tribunal (NCLAT), the resolution professional (RP) for Jaiprakash Associates Ltd (JAL) stated that Vedanta was never officially declared the highest bidder in the ongoing insolvency proceedings. Senior Advocate Abhishek Manu Singhvi, representing the RP, clarified that a September 5, 2025, email merely indicated the highest financial figure from the bidding process, not an official winning bid. He highlighted that the Committee of Creditors (CoC) evaluated bids based on a composite framework, emphasizing both financial and qualitative parameters. Vedanta's claim of being denied the chance to match Adani Enterprises' offer was countered by Singhvi, who pointed out that bid conditions prohibited revisions after the challenge process closed. The CoC had approved Adani's resolution plan, valued at ₹14,535 crore (approximately $1.75 billion USD), with 93.8% voting support, despite JAL's liquidation value being estimated at ₹15,799.53 crore (around $1.9 billion USD). Vedanta contended that its proposal of ₹17,926 crore (approximately $2.16 billion USD) was superior and would have maximized value for creditors. The NCLAT has scheduled further hearings on this matter.