New Delhi, April 7: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process by the National Company Law Tribunal (NCLT), Allahabad Bench, on June 3, 2024.
The proceedings were initiated after the company defaulted on repayment of massive loans. According to a stock exchange filing, companies such as Adani Enterprises, Torrent Group, Jindal Power, Dalmia Cement, Oberoi…
