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Adani's ₹15,000-cr plan for bankrupt Jaiprakash Associates gets NCLT nod
short by Mansi Agarwal / on Tuesday, 17 March, 2026
Adani Enterprises on Tuesday said the National Company Law Tribunal (NCLT) has approved its ₹15,000-crore resolution plan for the bankrupt Jaiprakash Associates. Anil Agarwal-led Vedanta had challenged the plan after its ₹12,505-crore resolution offer was rejected by lenders. Vedanta had alleged that the process was unfair and opaque, calling it a "commercial conspiracy".
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