BSEJaiprakash Associates LtdCriticalNeutral
Announced Thu, 27 Nov · 21:42 IST
Resolution Plan
Regulatory & Legal View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Adani Enterprises Limited has submitted a resolution plan to take over debt-laden Jaiprakash Associates. The Committee of Creditors (CoC) approved this plan on 19th November 2025. On 27th November 2025, the Resolution Professional filed an application before the NCLT Allahabad Bench under Section 30(6) of the Insolvency and Bankruptcy Code, seeking NCLT approval of the plan under Section 31. The next major step will be the NCLT hearing and its decision on approving the resolution plan.
Likely market impact
Stock may see strong interest as Adani's takeover could lead to debt restructuring and revival, but the deal is still pending NCLT approval, so uncertainty remains until the tribunal rules.