Mumbai: The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile resolutions under India’s insolvency framework. The approval will allow Adani Enterprises to take control of the debt-laden infrastructure and cement company.
The Adani Group had emerged as the winning bidder in November 2025, offering an upfront payment of around Rs 14,535 crore, surpassing competing bids from Vedanta and Dalmia Bharat.
The company today informed the stock exchanges that NCLT has orally pronounced an order today approving the resolution plan dated October 14, 2025 submitted by Adani Enterprises. The resolution plan will be implemented by…