Adani Group, Vedanta, others submit resolution plans to acquire Jaiprakash Associates

Gautam Adani's Group, Vedanta, and Dalmia Bharat Cement have bid for Jaiprakash Associates. The acquisition is happening through an insolvency process. Jaypee Infratech, now owned by Suraksha Group, has also submitted a bid. Patanjali Ayurved did not submit a plan. Jaiprakash Associates has been facing insolvency after defaulting on loan payments. Creditors are claiming over Rupees 57,000 crore.