Adani, Vedanta, and Patanjali are among 26 entities vying to acquire debt-ridden Jaiprakash Associates Ltd (JAL), currently undergoing insolvency proceedings.

Other interested parties include Torrent Group, Jindal Power, Dalmia Cement, Oberoi Realty, and Kotak Alternate Asset Managers. JAL, with interests in real estate, cement, hospitality, and construction, was admitted to insolvency by NCLT on June 3, 2024, over unpaid loans totaling ₹57,185 crore. Its major assets include Jaypee Greens projects in Noida, a sports city near Jewar Airport, cement plants, and hotels. NARCL tops the list of creditors, having acquired loans from lenders led by SBI. A final resolution will be determined through the Corporate Insolvency Resolution Process under India’s IBC framework.