Adani gets creditors’ nod to buy bankrupt Jaiprakash Associates

In a statement to exchanges, Adani Enterprises said it had “received a Letter of Intent (‘LOI) from the Resolution Professional (‘RP) on November 19, 2025 at 3:05 p.m.” The plan now requires approval from the National Company Law Tribunals Allahabad Bench and other regulatory authorities. According to the filing, implementation may be carried out by Adani Enterprises, its promoter group or other Adani entities, or through a special purpose vehicle, “in accordance with the terms of the resolution plan.”