Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through insolvency process.
In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that it has received five resolution plans.
“… In response to the request for resolution plan issued in the corporate insolvency resolution process of JAL, the resolution professional has received five resolution plans along with earnest money, till the submission date,” the regulatory filing said.
JAL, however, did not mention the names of the companies which have submitted the resolution plans.
According to sources, Billionaire Gautam Adani Group firm Adani Enterprises, mining mogul Anil Agarwal’s Vedanta,