Page 2 - Jaiprakash Associates

Lenders to vote on Vedanta, Adani bids for bankrupt Jaiprakash Associates

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

JAL bid: Vedanta offers ₹4,000 cr upfront payment, rest over 5-6 years

With this, the Anil Agarwal-owned mining conglomerate's bid carries a net present value of ₹12,505 crore in the auction conducted by lenders to find buyers for JAL

JAL bidders to join challenge auction with ₹12,000 crore floor value

Lenders of Jaiprakash Associates have set Rs 12,000 crore as the minimum bid for a challenge auction on Friday, with five firms including Adani and Dalmia in contention

CCI approves Adani Enterprises' plan to acquire Jaiprakash Associates

CCI approved Adani Enterprises' plan to acquire JAL under the insolvency process, even as rival bids from Dalmia, Vedanta, Jindal and PNC Infratech remain under review

Lenders likely to resolve JAL insolvency through a challenge mode

Lenders of Jaiprakash Associates are considering a challenge mode bidding process with applicants including Adani, Vedanta, and Dalmia as creditors face Rs 59,000 crore in claims

Bidders file fresh JAL plans as CoC weighs challenge round decision

Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round

CCI approves Dalmia's proposal to acquire Jaiprakash Associates

The Competition Commission of India has approved Dalmia's plan to acquire JAL under insolvency resolution; Adani's proposal is still under review

JAL insolvency: Jaiprakash Infratech to challenge bid rejection in court

Jaiprakash Infratech plans legal challenge after lenders reject its bid for Jaiprakash Associates citing EMD issues, threatening delay in the ₹57,000 crore resolution process

JAL's lenders ask bidders to submit revised plans without conditions

Jaiprakash Associates' creditors have instructed bidders to submit revised resolution plans without conditions and provide a definitive bid offer

Adani Group close to acquiring Jaiprakash Associates, makes ₹12,000 cr bid

With a cash payout of ₹3,500 crore, the Adani Group is leading the race to acquire Jaiprakash Associates. The offer also includes retaining ₹890 crore within the company after its acquisition

Lenders ask bidders to sweeten offers for debt-laden Jaiprakash Associates

All five bids for Jaiprakash hinge on Supreme Court ruling over 1,000-hectare Yeida land; lenders prefer cash-heavy offers with Adani seen as current frontrunner

Adani group leads race to acquire Jaiprakash Associates with ₹12,500 cr bid

Rival bidder Dalmia group is also in the fray and is willing to top Adani's offer - provided a key legal hurdle related to JAL's Sports City project is resolved

Jaiprakash Associates' lenders to meet on July 1 to review resolution plans

Lenders of Jaiprakash Associates Ltd (JAL), which is under insolvency, will meet on July 1 to discuss resolution plans submitted by five corporates among other issues. In a regulatory filing on Monday, JAL informed that "the 16th meeting of the Committee of Creditors (CoC) of the company will be held on 1st July, 2025." The company did not mention the agenda of the CoC. Sources said the resolution plans submitted by five bidders will be discussed among few other proposals. Last week, JAL received five bids along with earnest money for the acquisition of the company through insolvency process. It did not mention the names of the companies which have submitted the resolution plans. According to sources, Billionaire Gautam Adani Group firm Adani Enterprises, mining mogul Anil Agarwal's Vedanta, Dalmia Bharat Cement, Jindal Power and PNC Infratech are the five companies which have submitted resolution plans. In April, as many as 25 companies showed interest to acquire JAL. JAL, whic

Adani, 4 others submit ₹10k-11k cr bids for Jaiprakash Associates

The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PNC Infratech are the final bidders and the offers range from ₹10,000 crore to ₹11,000 crore, said a source close to the development

Adani Enterprises, Vedanta, others in fray to acquire Jaiprakash Associates

About half a dozen companies including Adani Enterprises, Vedanta and Jindal Power have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process, according to sources. On Tuesday, sources had said that Billionaire Gautam Adani group firm Adani Enterprises, mining mogul Anil Agarwal's Vedanta, Dalmia Bharat Cement and Jaypee Infratech have submitted their bids. PNC Infratech is also believed to have put in its bid. Lenders of Jaiprakash Associates Ltd (JAL) met on Wednesday to open the bids submitted by the interested parties. The last date was June 24. Resolution plan of Jaypee Infratech Ltd, which has been acquired by Mumbai-based Suraksha Group, may get rejected as it has not fulfilled certain criteria. In April, as many as 25 companies showed interest to acquire JAL. Baba Ramdev-led Patanjali Ayurved, however, did not submit the resolution plan after showing initial interest. JAL, which has business interests spanning real estate, cement ...

CoC extends Jaiprakash Associates resolution plan deadline to 24 June

Following requests from prospective bidders, the Committee of Creditors for Jaiprakash Associates has extended the resolution plan submission deadline to 24 June 2025

Jaiprakash Associates' CoC clears ₹936-cr cash outflow for June quarter

Jaiprakash Associates' CoC clears ₹936 crore cash outflow for Q1 FY26, covering routine and one-time operational expenses during ongoing insolvency proceedings

NHAI to seek conciliation with Jaiprakash Associates over ₹1,461 cr claims

State-owned NHAI has decided to go for a conciliation process on the financial dispute with bankrupt Jaiprakash Associates Ltd concerning Varanasi Gorakhpur road projects. In the ongoing dispute, Jaiprakash Associates has sought Rs 1,461.63 crore compensation for 'four laning of Varanasi Gorakhpur Section of NH-29 from Km 14B.000 to Km 20B. 300 in Uttar Pradesh under NHDP Phase-IV on EPC Mode. "The company has submitted its claims amounting to Rs 1,461.63 crore on account of deployment of resources for removal of encroachment/ encumbrances within ROW, damages for delay in providing land, damages towards payment of revised minimum wages paid and additional cost incurred due to extended duration of the project," Jaiprakash Associates Ltd said in a regulatory filing. According to the filing, NHAI has submitted its counterclaims amounting to Rs 892.24 crore on account of supervision consultancy services due to alleged delay in project completion, direct revenue loss on account of toll .

Adani, Vedanta, Patanjali among 26 vying for Jaiprakash Associates' assets

JAL was admitted to the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024

Vedanta Group submits EoI to acquire Jaiprakash Associates via insolvency

Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. Sources said that Vedanta Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Adani Group has also submitted an EOI. Vedanta Ltd is one of the world's leading natural resources conglomerates, with primary interests in aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferro alloys, nickel, semiconductor and glass. Earlier this month, the National Company Law Tribunal (NCLT) directed that the resolution plans to acquire JAL through the insolvency process should