Adani Group was the only party to submit an unconditional and scored highest in lender evaluation. (Photo source: Canva AI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Jaiprakash Power Ventures Ltd jumped 12.43% on Thursday after Adani Enterprises announced that its resolution plan for Jaiprakash Associates Ltd (JAL) has been approved by the Committee of Creditors (CoC). JAL, currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, received a Letter of Intent (LoI) from the Resolution Professional on November 19, 2025.

The plan, which aims to revive JAL’s diversified businesses spanning engineering, construction, cement, power, real estate, fertilisers, and hospitality, will be implemented subject to appro

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