Adani submits ₹15,000 crore plan for Jaiprakash Associates
after close1 source ↓written by the desknot a recommendation
- resolution plan
- ₹15,000 crore
- from financial creditors
- 93% support
- of voting power
- 85.43%
Adani Enterprises Ltd has submitted a ₹15,000 crore resolution plan for Jaiprakash Associates Ltd to the NCLT, seeking approval under the Insolvency and Bankruptcy Code. The plan received 93% support from financial creditors, primarily backed by NARCL, which holds 85.43% of voting power. Hearings are set to continue in January 2026.
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