JAL insolvency: Five firms submit bids to acquire bankrupt firm

Jaiprakash Associates Ltd (JAL) has received five resolution plans, including bids from Adani Enterprises, Vedanta, Dalmia Bharat Cement, Jindal Power, and PNC Infratech, as part of its insolvency process. Lenders met to assess these bids after JAL was admitted into CIRP due to loan defaults, with creditors claiming over Rs 57,185 crore.