Gautam Adani-led Adani Group has received approval from the Committee of Creditors (CoC) of Jaiprakash Associates, marking a significant step in its bid for the bankrupt infrastructure and industrial conglomerate. The lenders voted in favor of Adani’s resolution plan under the Insolvency and Bankruptcy Code (IBC), as confirmed by the company in a regulatory filing on Wednesday.
According to Adani Enterprises, the Resolution Professional (RP) issued a Letter of Intent (LOI) to the group on November 19, 2025, at 3:05 p.m., formally approving the proposal.
