Jaiprakash Associates Ltd (JAL) founder Jaiprakash Gaur has expressed confidence in the Adani Group taking over the debt-laden company, following its selection as the successful resolution applicant under the insolvency process.
In a public statement, Gaur acknowledged the challenges faced by the company and its stakeholders during the Corporate Insolvency Resolution Process (CIRP). “The recent financial challenges that led to the Corporate Insolvency Resolution Process have been difficult for all stakeholders. Throughout this period, we have worked with sincerity and commitment alongside homebuyers, employees, lenders, and partners to enable a fair and credible resolution,” he said.
He also highlighted the conduct of the process…