Adani Group Plans Strategic Split of Jaypee Assets After Insolvency Takeover

Adani Group plans strategic split of Jaypee assets after insolvency takeover

The deal hands the Adani Group control over a diverse portfolio spanning cement plants, power assets, large land parcels in the Delhi-NCR region, and the Buddh International Circuit, the iconic Formula One racing track

Vedanta Challenges Adani’s Acquisition of Jaiprakash Associates in Appellate Tribunal

New Delhi, March 23, 2026:  The corporate battle for Jaiprakash Associates Ltd (JAL) has intensified as the Vedanta Group approached the National Company Law Appellate Tribunal (NCLAT) to challenge the recent approval of Adani Group’s acquisition bid. The appeal seeks to overturn a decision by the National Company Law Tribunal (NCLT) that cleared the path for Adani Enterprises Ltd to take over the debt-laden firm for a sum of Rs 14,535 crore. Th…

Vedanta Contests Adani's Jaiprakash Associates Bid

Vedanta Challenges Adani’s Jaiprakash Associates Acquisition Mumbai, India – Anil Agarwal-led Vedanta Group Ltd. has filed an appeal with the National Company Law Appellate Tribunal (NCLAT), contesting the NCLT’s approval of Adani Enterprises Ltd.’s (AEL) resolution plan to acquire the debt-ridden Jaiprakash Associates. NCLT Approval: The Allahabad NCLT branch approved AEL’s resolution plan on March 17, 2026. Bidding War: AEL outbid Vedanta wit…