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Adani Group Wins ₹14,535 Cr Bid to Acquire Jaiprakash Associates After NCLT Approval.

In a major development, the National Company Law Tribunal (NCLT) has approved Adani Enterprises Ltd's ₹14,535 crore resolution plan to acquire Jaiprakash Associates Ltd under the insolvency process. The decision was pronounced by the Allahabad bench on March 17, 2026, marking a crucial step in resolving one of India’s significant corporate debt cases. Adani Enterprises secured the deal after receiving 89% votes from the Committee of Creditors, outperforming rival bidders like Vedanta Group and Dalmia Bharat. JAL, which defaulted on loans worth over ₹57,000 crore, holds a diverse portfolio across real estate, cement, hospitality, and infrastructure sectors. Key assets include premium projects like Jaypee Greens and strategic land banks near Jewar Airport, making this acquisition a significant boost for Adani Group’s expansion strategy.