CCI Gives In-Principle Approval to Adani Proposal For JAL Acquisition

New Delhi, August 27, 2025: The Competition Commission of India (CCI) has given in-principle approval to Adani Group’s acquisition of debt-ridden Jaiprakash Associates Ltd (JAL) if it wins a bid in the ongoing insolvency proceeding.

According to a TOI report, the proposed combination relates to the acquisition of up to 100 per cent shareholding of JAL by Adani Enterprises Ltd. and Adani Infrastructure and Developers Pvt. Ltd. or any other entity of the Adani Group, per a press release issued by the CCI on Tuesday.

Following a recent ruling by the Supreme Court on interpreting provisions of the Insolvency and Bankruptcy Code (IBC), CCI approval is mandatory for the submission of a resolution plan by the entity concerned.

The entity needs CCI’s approval before the resolution plan is voted upon by the Committee of Creditors (CoC) of the company undergoing the resolution process under the IBC. The CoC of JAL is still reviewing the resolution plans received, and the voting will happen in due course.