The Adani Group, Dalmia Bharat, and Vedanta are said to be among the six companies that have submitted financial bids for Jaiprakash Associates (JAL), which is currently undergoing corporate insolvency proceedings under the Insolvency and Bankruptcy Code (IBC).
The deadline for submission of financial bids, initially set for June 9, was extended to June 24. A total of 25 entities had submitted expressions of interest (EoIs) for JAL’s assets earlier in the process, including Torrent Power, Jindal Power, Oberoi Realty, and Patanjali Ayurveda. According to those in the know, six companies eventually submitted the final proposals by the deadline.
Mails sent to Adani, Dalmia Bharat and Vedanta on the matter were unanswered till press…