Adani Group Seeks Approval to Acquire Debt-Ridden Jaiprakash Associates

Imagine a big company, Jaiprakash Associates Ltd (JAL), got into money trouble and can't pay its debts.

This means it is going through a special process called corporate insolvency resolution.

Now, another company, the Adani Group, wants to buy JAL.

They've asked the government to approve this.

Another company, Dalmia Cement, also wants to buy JAL.

JAL has projects like buildings and hotels, but it owes a lot of money to lenders.

This whole process is happening because JAL couldn't pay back the money it borrowed.