NCLT approved Adani Enterprises' ₹14,535-crore bid to acquire Jaiprakash Associates under its insolvency plan, which doesn't include a consideration for existing shareholders, Mint reported. The plan mandates the complete cancellation of existing shares worth ₹404 crore owned by over 6.45 lakh shareholders. Jaiprakash Associates became insolvent after defaulting on ₹57,185-crore loan repayments.