On Monday, the Supreme Court of India declined to grant an interim stay on Adani Enterprises Ltd's ₹14,543 crore resolution plan for the bankrupt Jaiprakash Associates Ltd (JAL). This decision came in response to a challenge from Vedanta Ltd, a mining giant, which sought to contest the resolution plan. The Supreme Court, led by Chief Justice Surya Kant and Justice Joymalya Bagchi, opted not to interfere with the earlier orders issued by the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), which had already approved Adani's bid. The court has instructed Vedanta and other interested parties to present their arguments before the NCLAT. This ruling clears the path for Adani's plan to proceed, although further developments are anticipated as the case unfolds.