Vedanta seeks CCI nod to acquire debt-laden Jaiprakash Associates
The Economic Times·2025-09-13 11:29
Vedanta has emerged as the highest bidder to acquire JAL under the Under the insolvency law, the CCI’s clearance is a must before resolution plans by suitors are approved by the committee of creditors of the stressed company.In a filing with the antitrust regulator dated September 11, In June last year, the National Company Law Tribunal had directed the initiation of insolvency proceedings against JAL.Live Events“The proposed transaction is being undertaken in furtherance of the resolution plan submitted b ...