Vedanta Group has submitted an Expression of Interest (EOI) to acquire the bankrupt Jaiprakash.

Associates Ltd (JAL) through the insolvency process, with Adani Group also expressing interest. JAL, part of the Jaypee Group, operates in cement, power, hotels, construction, and real estate sectors. The National Company Law Tribunal (NCLT) directed that the resolution plans should be invited for the entire company as a going concern. JAL owes ₹55,493.43 crore to banks and financial institutions, with some loans transferred to the National Asset Reconstruction Company Ltd (NARCL). Bhuvan Madan is the resolution professional overseeing the process. Jaypee Infratech, another Jaypee Group firm, was earlier acquired by Suraksha Group through insolvency.