The Committee of Creditors (CoC) of Jaiprakash Associates Ltd (JAL) recently reviewed the final resolution plans submitted by five interested bidders and is expected to vote on the selected plan within the next two weeks. According to sources, Adani Enterprises Ltd?s proposal to make full payments to lenders within two years has been rated higher than Vedanta Ltd?s plan, which involves staggered payments over five years.
In early September, Vedanta had been named the highest bidder in the auction conducted by lenders, offering an acquisition value with a net present value (NPV) of INR 12,505 crore. Following the auction, lenders held further discussions with all five shortlisted…