Jaiprakash Associates IBC Update: Adani Enterprises’ Resolution Plan Submitted to NCLT Allahabad Bench

Following the earlier communication dated 19 November 2025, stakeholders have been updated on the next step in the insolvency process of Jaiprakash Associates Limited.

The resolution plan approved by the committee of creditors has now been formally placed before the National Company Law Tribunal for its review and decision.

Background to the Jaiprakash Associates CIRP

In a recent development connected to the corporate insolvency resolution process of Jaiprakash Associates Limited, the company’s resolution professional has notified stock exchanges of further procedural progress.

This follows the earlier announcement that the committee of creditors had endorsed the resolution plan submitted by M/s Adani Enterprises Limited.

NCLT Allahabad Filing by the Resolution Professional

As required under Regulation 30 and the relevant provisions of the SEBI Listing Regulations, the resolution professional has taken the next formal step by submitting an application to the Hon’ble National Company Law Tribunal, Allahabad Bench.

This application has been moved under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, requesting the Tribunal’s approval of the proposed resolution plan under Section 31 of the Code.

Submission Date Before the NCLT Allahabad Bench

The filing was made on 27 November 2025, marking a significant procedural stage as the matter now awaits the Tribunal’s examination and subsequent orders.

Read More: What Led to Jaiprakash Associates Insolvency Proceedings?

Conclusion

The submission of the resolution plan to the NCLT represents a key milestone in the insolvency process. The final outcome will depend on the Tribunal’s assessment and approval as the proceedings continue in accordance with the Code.

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