Archive · 30 Sep 2025
CCI Approves Jindal Power's JAL Acquisition Bid
Jaiprakash Associates Ltd (JAL), a company with debt, is going through insolvency, meaning it can't pay its loans.
The Competition Commission of India (CCI) has approved a proposal from Jindal Power to acquire JAL.
The CCI ensures fair competition in the market.
Jindal Power's plan is now cleared for review, but creditors must vote on it.
JAL has significant assets like real estate, hotels, and cement plants.
CCI approved Jindal Power’s proposal to acquire Jaiprakash Associates Ltd (JAL).
The approval is a mandatory step for submitting a resolution plan under the IBC.
JAL is undergoing insolvency proceedings after defaulting on loans.
Creditors claim JAL owes ₹57,185 crore.
JAL has real estate, commercial, and cement plant assets.
- Who
- Jindal Power and Jaiprakash Associates Ltd (JAL)
- What
- CCI approved Jindal Power’s bid to acquire JAL
- When
- September 30th (CCI approval)
- Where
- India
- Why
- To allow the resolution plan submission under the Insolvency and Bankruptcy Code (IBC)
- Company
- Jindal Power Ltd and Jaiprakash Associates Ltd (JAL)
- Regulator
- Competition Commission of India (CCI)
- Event
- CCI approves Jindal Power's bid for JAL acquisition
- JAL Status
- Debt-ridden, undergoing insolvency proceedings
- JAL's Debt
- ₹57,185 crore claimed by creditors
- Insolvency Process
- CIRP initiated June 3, 2024, by NCLT Allahabad Bench
