Jaiprakash associates: Update

Jaiprakash Associates update: Jaiprakash Associates, which has business interests spanning real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024. Adani Enterprises likely to top Vedanta in bidding for Jaiprakash Associates; see who will win the crucial takeover—follow updates now. Adani likely to win Jaiprakash Associates insolvency race, beat Vedanta Sources said the Committee of Creditors (CoC) rated Adani’s plan highest, followed by Dalmia Cement and Vedanta. Adani Enterprises is set to become the highest bidder for Jaiprakash Associates, edging out Vedanta Group by offering quicker payments in a crucial insolvency process. The deal will include significant assets across real estate, cement, and power sectors.