Jaypee Group Founder Jaiprakash Gaur on Friday expressed support for the Adani Group’s takeover of his insolvent flagship company Jaiprakash Associates Ltd, stating that he has full confidence in Gautam Adani’s leadership to take the company forward.
The statement comes amid an ongoing legal tussle, days after Anil Agarwal of
Vedanta Ltd.
claimed that Gaur had preferred his group as a “safe pair of hands” for the company.
“I appreciate the fair and transparent process conducted by the Committee of Creditors (CoC) and the Resolution Professional. The CoC has selected the Adani Group as the successful resolution applicant, and we fully respect this decision,” Gaur said.