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JAL lenders ask bidders for revised plans
August 02, 2025
|Business Standard
Lenders to Jaiprakash Associates Ltd (JAL) have asked five bidders for the bankrupt company to submit within a week revised resolution plans that don't put conditions and give definitive numbers in their offers, people aware of the development said.
A committee of Creditors (CoC) separately met with the bidders — Adani Group, Dalmia Group, Vedanta Group, Jindal Steel & Power, (JSPL), and PNC Infratech — on Wednesday and Thursday to study the commercial and legal aspects of their plans. Ba
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