Creditors Back Final Resolution Plan Citing No Post Bid Changes Rule
New Delhi, April 20, 2026: The Committee of Creditors (CoC) has approved the bid of the Adani Group for Jaiprakash Associates assets in a major insolvency resolution development, while rejecting Vedanta’s revised offer submitted after the bidding deadline.
According to officials, the CoC maintained a strict stance that no post bid modifications would be entertained, reinforcing the integrity of the insolvency process under the Insolvency and Bankruptcy Code framework.
The decision marks a key milestone in one of India’s largest ongoing…