Noida: The National Company Law Tribunal (NCLT) has approved Adani Enterprises‘ Rs 14,535-crore resolution plan for Jaiprakash Associates Ltd (JAL), under the Insolvency and Bankruptcy Code, 2016. However, the fate of its stalled Jaypee Sports City project — and thousands of affected homebuyers —near the upcoming Noida International Airport hinges on the outcome of a parallel legal battle before the Supreme Court.The top court is set to hear the developer’s petition challenging an Allahabad high court’s March 2025 order, which upheld the decision of the Yamuna Expressway Industrial Development Authority (YEIDA) to cancel JAL’s allotment of 1,000 hectares of land in Feb 2020. The Authority had cited non-payment of dues and failure…
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