Adani Power Limited has expressed its in-principle interest in becoming one of the ‘Implementing Entities’ for the resolution plan of Jaiprakash Associates Limited (JAL). This development follows the approval of the resolution plan submitted by Adani Enterprises Limited by the National Company Law Tribunal (NCLT), Allahabad bench, on 17 March 2026.
The resolution plan, which is part of the ongoing corporate insolvency resolution process for JAL under the Insolvency and Bankruptcy Code, 2016, allows Adani Enterprises to nominate one or more entities to implement the plan by acquiring assets from JAL. Adani Power has indicated its interest in acquiring certain power assets and investments from JAL, contingent upon receiving the necessary approvals.
The order from the NCLT was uploaded on the tribunal’s website on 18 March 2026. This move aligns with Adani Power’s strategic interests in expanding its asset base and investment portfolio in the power sector.
Adani Power’s involvement as an implementing entity would potentially facilitate the acquisition and management of JAL’s power assets, contributing to the resolution plan’s execution.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).