Business tycoon Gautam Adani has received approval from the creditors of Jaiprakash Associates (JAL) for his Rs 14,535 crore proposal to acquire the bankrupt infrastructure group. Adani Enterprises, the main company of the Adani Group, outbid Vedanta and Dalmia Bharat to win the bid for JAL.

The Committee of Creditors (COC) of Jaiprakash Associates Limited, which is undergoing insolvency proceedings, has approved the resolution plan submitted by Adani Enterprises Limited, according to a stock exchange filing. Adani received the highest 89 per cent of votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group.

Without sharing financial details, Adani Enterprises said it received a Letter of Intent from the Resolution Professional on November 19, 2025. The National Asset Re

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