Billionaire Gautam Adani–promoted Adani Enterprises Ltd on Monday submitted its resolution plan of over ₹15,000 crore for bankrupt Jaiprakash Associates Ltd (JAL) before the Allahabad Bench of the National Company Law Tribunal (NCLT), seeking final approval under the Insolvency and Bankruptcy Code (IBC).The plan was placed before the bench by resolution professional Bhuvan Madan, following its approval by the Committee of Creditors (CoC) in November. The tribunal took the plan on record and is expected to r ...

Core Insights - Seven companies, including Shadowfax Technologies and Rayzon Solar, have received SEBI's approval for IPOs, indicating a surge in primary market activity in India [1][2][3] Company Summaries - **Shadowfax Technologies** aims to raise ₹2,000-2,500 crore through a mix of fresh issue and offer-for-sale (OFS) [3] - **Rayzon Solar** plans to raise ₹1,500 crore entirely through a fresh issue to invest in a solar cell manufacturing facility and for general corporate purposes [6][7] - **ARCIL** will conduct an IPO entirely through an OFS of up to 10.54 crore equity shares, with no proceeds going to the company [4][6] - **Safex Chemicals (India) Ltd** is looking to raise ₹450 crore through a combination of fresh issue and OFS, with proceeds aimed at debt repayment and corporate purposes [8] - **PNGS Reva Diamond Jewellery** plans to raise ₹450 crore entirely through a fresh issue after separating from its parent company [10] - **Sudeep Pharma Ltd** intends to raise ₹95 crore through a mix of fresh issue and OFS, focusing on producing excipients for various industries [11] - **Aggcon Equipments International Ltd** aims to raise ₹332 crore through a fresh issue, with promoters also selling shares via OFS [9]

Core Insights - The company DLI Logistics Ltd is undergoing a bidding process initiated by a one-time settlement (OTS) proposal from its promoter, offering ₹590 crore against an outstanding principal of ₹695 crore [1][6] - A consortium of lenders, including Punjab National Bank and Union Bank of India, is conducting a Swiss challenge auction on October 27, with a reserve price set at ₹590 crore and a minimum bid price of ₹619.50 crore [2][6] - Several asset reconstruction companies (ARCs) have expressed interest in the bidding process, which is expected to enhance transparency and potentially lead to higher recoveries for banks [6] Company Overview - DLI, previously known as Vikram Logistics & Maritime Services, operates as a multimodal integrated logistics service provider [3]