Adani Enterprises Declared Successful Resolution Applicant, Receives LoI to Acquire Jaiprakash Associates

The Committee of Creditors (CoC) of Jaiprakash Associates Limited (JAL), currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, has approved the resolution plan submitted by Adani Enterprises Limited (AEL).

Following the approval, AEL received a Letter of Intent (LoI) from the Resolution Professional on 19th November 2025 at 3:05 p.m. JAL operates across diverse sectors, including engineering and construction, cement, power, real estate, fertilizers, and hospitality, through its subsidiaries and affiliates.

The implementation of the resolution plan is subject to the terms outlined in the LoI and approvals from the National Company Law Tribunal, Allahabad Bench, and other relevant regulatory authorities or courts. The plan may be executed by AEL, its promoters and promoter group, other identified Adani entities, or through special purpose vehicles, in accordance with the approved resolution plan.