Jaiprakash Associates Ltd. (JAL), the debt-laden infrastructure and real estate giant, has attracted significant attention from a diverse set of prominent suitors, with six resolution plans making the cut for final consideration. Among the shortlisted bidders are industry stalwarts such as Adani Group, Vedanta, JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat, and PNC Infratech. These six were selected from a pool of 25 bids initially submitted in April, a list that also included notable names like Torrent Power, Kotak Alternate Asset Managers, and Patanjali Ayurveda, underscoring the strong investor interest in JAL’s vast asset base.
The critical Fifteenth meeting of the Committee of Creditors (CoC) is set to convene…