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JAL insolvency: CCI clears Dalmia Bharat’s bid to acquire Jaiprakash Associates; other bidders include Adani, Vedanta, Jindal Power
The Competition Commission of India (CCI) has approved Dalmia Bharat's proposal to acquire the debt-laden Jaiprakash Associates Ltd (JAL) through the insolvency process. This clearance allows Dalmia Cement to submit its resolution plan for JAL, which faces substantial creditor claims. Other major bidders, including Adani Enterprises, are also participating in the insolvency bidding.
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