The deadline to submit bids for Jaiprakash Associates under the bankruptcy process ends today, marking a crucial step in one of the most closely tracked insolvency cases in recent times.
With over ₹57,000 crore in debt at stake, lenders are hoping that serious bidders will now come forward after earlier deadline extensions.
Sources told CNBC-TV18, as many as 25 entities have submitted expressions of interest to acquire the company under the Insolvency and Bankruptcy Code (IBC). The list includes several big corporate names such as Adani Enterprises, Dalmia Cement, Jindal India Power, Oberoi Realty, Patanjali Ayurveda, Torrent Power, and Vedanta.
In addition to corporates, several financial players and asset reconstruction companies…