Adani Power Limited has publicly declared its in-principle interest in becoming an ‘Implementing Entity’ for the Resolution Plan of Jaiprakash Associates Limited (JAL). This move, following the approval of the plan by the Hon’ble NCLT on March 17, 2026, focuses on acquiring specific power assets and investments from JAL. The company confirmed the submission of this intent to both the BSE and NSE on March 19, 2026, pending necessary regulatory approvals.
Corporate Insolvency Resolution Update
Adani Power Limited has issued an important intimation concerning the Resolution Plan for Jaiprakash Associates Limited (“JAL”), the corporate debtor undergoing insolvency proceedings under the IBC, 2016. The Resolution Plan received approval via an order from the Hon’ble National Company Law Tribunal, Allahabad bench, Prayagraj (“Hon’ble NCLT”), on March 17, 2026. This order was subsequently uploaded to the NCLT website on March 18, 2026.
Adani’s Role as Implementing Entity
As per the terms of the approved Resolution Plan, Adani Enterprises Limited has the authority to nominate one or more ‘Implementing Entities’ to execute the plan, which includes acquiring assets from JAL. In this context, Adani Power Limited formally announced that it has expressed its in-principle interest in serving as one of these Implementing Entities.
The specific objective of this proposed role is the acquisition of certain power assets and investments currently held by JAL. This expression of interest remains conditional upon obtaining all requisite regulatory and statutory approvals.
Regulatory Filing Confirmation
The company requested that both the BSE Limited (Scrip Code: 533096) and the National Stock Exchange of India Limited (Scrip Code: ADANIPOWER) take this declaration on record. The official communication was signed by Company Secretary, Deepak S Pandya, on March 19, 2026.
Source: BSE
