Jaiprakash Associates bids: Jindal Power, Adani Ent, Dalmia in fray

The provisional list of prospective resolution applicants included 26 entities who had submitted their expression of interest in the corporate insolvency resolution process of JAL

Bidders including Adani Enterprises, Jindal Power, Dalmia Cement are likely to submit their resolution plans for beleaguered Jaiprakash Associates Limited (JAL), according to people close to the development. 

 

The total claims of creditors in Jaiprakash Associates, currently undergoing a corporate insolvency resolution process amount to over Rs 59,000 crore.

 

The last date of submitting the resolution plan is June 9. The Committee of Creditors of JAL is expected to meet on Friday to discuss whether they should agree to extend the last date for submitting resolution plans, as requested by some of the bidders, sources said. 

  The provisional list of