26 Firms Eye JP Associates

09 Apr 2025 CW Team

A total of 26 companies, including major players like Adani Group, Vedanta, and Patanjali Ayurved, have submitted expressions of interest (EoIs) to acquire Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

The National Company Law Tribunal (NCLT) had admitted JAL into insolvency in March 2024 after multiple loan defaults and pending liabilities. The company, which operates across cement, real estate, and infrastructure sectors, owes over Rs 290 billion to its creditors.

According to the invitation for resolution plans, the last date for submission is April 17. Other notable bidders include NBCC, Haldiram Snacks, JK Lakshmi Cement, and Shree Cement. The wide interest underscores the value in JAL’s diversified asset base, especially in real estate projects and cement capacity.

The final list of eligible resolution applicants will be announced soon, followed by detailed due diligence. The outcome will be crucial in determining the future of one of India’s once-prominent infrastructure firms and will test the efficacy of India’s insolvency resolution framework in handling large, complex cases.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..