Intimation on the update on the resolution plan for Jaiprakash Associates Limited
ADANIENT · price
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Adani Enterprises Limited has announced that the resolution plan for Jaiprakash Associates Limited (JAL), approved by the National Company Law Tribunal (NCLT), Allahabad Bench on March 17, 2026, has been fully implemented on May 21, 2026. The resolution plan was originally submitted by AEL on October 14, 2025 with clarifications in November 2025. JAL had been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The implementation was carried out through identified Implementing Agencies rather than directly by Adani Enterprises. This marks the successful completion of AEL's acquisition of JAL through the insolvency resolution route.
For Adani Enterprises, this signals successful execution of its resolution plan to acquire JAL, expanding its business footprint through the insolvency route. For shareholders, it represents the culmination of a lengthy corporate insolvency process with the buyer now taking over operations.