NCLT Approves Adani Enterprises’ Resolution Plan for Jaiprakash Associates

The National Company Law Tribunal (NCLT) has approved Adani Enterprises' resolution plan to acquire bankrupt Jaiprakash Associates Ltd, marking a key step in the insolvency process. The plan, valued at over ₹15,000 crore, received strong creditor support despite a legal challenge from rival bidder Vedanta Ltd, which alleged unfairness and may appeal. Following formal order issuance, Adani Enterprises is set to implement the plan, potentially involving its group companies, advancing its strategy to revive stressed assets.