Adani Enterprises on Tuesday mentioned the National Company Law Tribunal (NCLT) has authorised its resolution plan for Jaiprakash Associates. The approval was introduced by means of an oral order on March 17, 2026.
The firm is alleged to make detailed disclosures as soon as the written order is issued. Earlier, Adani Enterprises had been recognized because the profitable bidder for the pressured agency.
The resolution plan could also be executed by Adani Enterprises, its group firms, or by means of particular objective autos.
On November 19, the Adani Group firm acquired approval from the Committee of Creditors of Jaiprakash Associates after lenders voted in favour of its decision provide for the bankrupt infrastructure and industrial group.
In a regulatory submitting, Gautam Adani-led agency mentioned it had “received a Letter of Intent (‘LOI’) from the Resolution Professional (‘RP’) on November 19, 2025 at 3:05 p.m.”
Jaiprakash Associates is the flagship firm of the Jaypee Group. It at the moment owes lenders about Rs 55,000 crore, with National Asset Reconstruction Company as the biggest creditor. It was admitted into insolvency proceedings in June 2024 and is run by decision skilled Bhuvan Madan of Deloitte.
