Jindal Power Secures CCI Approval to Acquire Debt-Ridden Jaiprakash Associates I India CSR

CCI clears Jindal Power’s bid for Jaiprakash Associates

India’s Competition Commission (CCI) has approved Jindal Power Ltd (JPL), a subsidiary of Jindal Steel & Power Ltd, to acquire debt-laden Jaiprakash Associa...

CCI Clears Jindal Power’s Bid for Jaiprakash Associates, Paving Way for Insolvency Resolution

The Competition Commission of India (CCI) has granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire the debt-laden Jaiprakash Associates Ltd (JAL), subject to the company securing a winning bid in the ongoing insolvency process.

Jindal Power Secures CCI Approval to Acquire Debt-Ridden Jaiprakash Associates I India CSR

With the CCI approval in place, the ball is now in the court of the Committee of Creditors of Jaiprakash Associates. NEW DELHI (India CSR): In a major development in India’s insolvency space, the Competition Commission of India (CCI) has granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire Jaiprakash Associates Ltd (JAL), the debt-laden flagship of the Jaypee Group. Admitted to corporate insolvency by NCLT Allahabad on …