The Committee of Creditors of Jaiprakash Associates Ltd (JAL), a company undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Enterprises Ltd for ₹14,535 crore. JAL is engaged in a wide array of businesses such as engineering and construction, cement, power, real estate, fertilisers, and hospitality, including through investments in its subsidiaries and affiliates.
Bangladesh’s High Court on Thursday ordered India’s Adani Group not to proceed with its planned international arbitration in Singapore over the payment dispute with the state-run Bangladesh Power Development Board (BPDB) until an investigation into its power supply deal is completed, according to a PTI report. Court officials said a two-judge High Court bench issued the order. The arbitration must remain suspended until a committee appointed by it to scrutinise the power purchase agreement and investigate potential irregularities submits its findings. Adani Power, earlier this month, said it has opted for an international arbitration process to resolve disputes over Bangladesh’s power supply payments, as it is at loggerheads with BPDB over pending payments for the electricity supplied as part of the contract signed in 2017.
Bondada Group has entered into an agreement with the Adani Group, marking the beginning of a long-term strategic design and construction partnership in India’s fast-expanding renewable energy sector. As per the agreement, the framework will be in place for the next five years to guide the collaboration between Bondada Engineering Ltd (BEL) and Adani Green Energy in solar energy.
Published on November 20, 2025
