Adani Group News: Adani Group has shown interest in acquiring Jaiprakash Associates Limited (JAL) through the insolvency process. JAL, the flagship company of Jaypee Group in cement, energy, hotels, construction and real estate business, has been admitted to corporate insolvency resolution proceedings under the Insolvency and Bankruptcy Code, 2016 by an order passed by the National Company Law Tribunal, Allahabad Bench on June 3, 2024.
News agency PTI reported quoting sources that Adani Group has filed an expression of interest (EOI) to acquire the bankrupt JL. Earlier this month, the National Company Law Tribunal (NCLT) had directed that the resolution plan to acquire JAL through insolvency should be invited for the entire…
