Lenders approve Adani’s Rs 14.5k-cr bid for Jaiprakash Associates
The acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises Ltd (AEL) marks a significant moment in the ongoing resolution of India’s corporate insolvency cases. Adani secured the Committee of Creditors’ (CoC) approval for its ₹14,535 crore resolution plan for the debt-laden Jaiprakash Group flagship, outbidding rivals like Vedanta and Dalmia Bharat. This approval was…

