Jaiprakash Associates Ltd Approves Adani Enterprises' Resolution Plan; Net-worth to Improve Post-CIRP

Jaiprakash Associates Ltd (JAL) has approved the resolution plan submitted by Adani Enterprises Limited (AEL) on March 17, 2026. The National Company Law Tribunal (NCLT) has also approved the plan. Post-implementation of the plan, all assets of JAL will be free from encumbrances. The company's net-worth is currently negative, but it is expected to improve post-CIRP. JAL will continue as a going concern, with no additional material liabilities imposed, other than the commitment of the Successful Resolution Applicant to infuse up to INR 800 crores towards working capital and operational improvements.