CCI clears Vedanta’s bid to acquire debt-laden Jaiprakash Associates under insolvency process

Following a recent ruling by the Supreme Court related to interpreting provisions of the IBC, an approval from the competition watchdog is mandatory for submission of a resolution plan by the entity concerned Competition Commission of India (CCI) has given in-principal approval to Vedanta’s proposal to acquire debt-ridden Jaiprakash Associates (JAL), should it win a…