NCLT clears Adani resolution plan for Jaiprakash Associates, paving way for delisting

The latest update is out from Jaiprakash Power Ventures Limited ( (IN:JPPOWER) ).

Jaiprakash Power Ventures has notified exchanges that the National Company Law Tribunal’s Allahabad Bench has orally approved a resolution plan submitted by Adani Enterprises for its promoter, Jaiprakash Associates, under the Insolvency and Bankruptcy Code. A detailed disclosure will follow once the written order is available, but the approved plan envisages delisting Jaiprakash Associates’ securities from stock exchanges, signaling a major restructuring step with significant implications for existing shareholders and the group’s listed footprint.

The NCLT approval marks a key milestone in the long-running insolvency proceedings of Jaiprakash Associates and brings clarity on ownership and control, potentially strengthening balance-sheet and governance visibility for the wider Jaypee Group. However, the planned delisting means public investors in Jaiprakash Associates face an exit from the listed space as the resolution moves toward implementation, while Adani Enterprises further expands its footprint through stressed-asset acquisitions subject to final written orders and regulatory compliance.

More about Jaiprakash Power Ventures Limited

Jaiprakash Power Ventures Limited operates in India’s power sector, with interests in power generation and related energy infrastructure, and is part of the broader Jaypee Group conglomerate. Its promoter company, Jaiprakash Associates Limited, has diverse infrastructure and real estate operations and is currently undergoing a corporate insolvency resolution process.

Average Trading Volume: 4,307,440

Technical Sentiment Signal: Hold

Current Market Cap: 92.45B INR

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