Adani Enterprises Wins Bid to Acquire Jaiprakash Associates Under IBC
Adani Enterprises Limited (AEL) has been declared the successful resolution applicant by the Committee of Creditors (COC) of Jaiprakash Associates Limited (JAL) undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC). AEL received a Letter of Intent (LOI) from the Resolution Professional on November 19, 2025. JAL is involved in various businesses including Engineering and Construction, Cement, Power, Real Estate, Fertilizers, Hospitality, and investments in subsidiaries and affiliates. The implementation of the resolution plan is subject to necessary approvals from the National Company Law Tribunal, Allahabad Bench, Prayagraj and/or any other regulatory authority, courts, or tribunal under applicable laws. The resolution plan may be implemented by AEL, its promoters, promoter group, Adani group entities, or through a special purpose vehicle or any nominee identified by AEL.
Key Highlights
- Adani Enterprises Limited wins bid to acquire Jaiprakash Associates Limited
- Committee of Creditors approves Adani Enterprises' resolution plan
- Jaiprakash Associates is involved in various businesses like Engineering and Construction, Cement, Power, Real Estate, Fertilizers, Hospitality
- Implementation of resolution plan subject to approvals from NCLT, other regulatory authorities, courts, or tribunals
- Resolution plan may be implemented by Adani Entities or through a special purpose vehicle or any nominee identified by AEL