Jaiprakash Associates Limited (JAL), the debt-laden infrastructure giant of the Jaypee Group, has moved closer to resolving its financial woes as 25 entities, including Adani Enterprises, Dalmia Cement, Vedanta Limited, and its subsidiary Jaypee Infratech Limited, have been shortlisted as eligible bidders in its Corporate Insolvency Resolution Process (CIRP), according to a regulatory filing dated April 19, 2025.
The Resolution Professional (RP), Bhuvan Madan, informed the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) that the final list of Prospective Resolution Applicants (PRAs) was prepared after evaluating Expressions of Interest (EOIs) submitted in response to a January 2025 invitation. The list,…
