By BullScreen Editorial Team 
Adani Enterprises has secured approval from the National Company Law Tribunal (NCLT) for its resolution plan to acquire Jaiprakash Associates, marking a significant step in its expansion into North India’s real estate market.
The approval was granted through an oral order on March 17, 2026. The company said detailed disclosures will follow once the written order is issued. Adani Enterprises had earlier emerged as the successful bidder for the stressed infrastructure and industrial firm.
The resolution plan, valued at over ₹15,000 crore, may be executed directly by Adani Enterprises, its group firms, or via special purpose vehicles. The proposal had already received backing from the Committee of Creditors in November 2025, followed by a Letter of Intent from the resolution professional.
Jaiprakash Associates, the flagship entity of the Jaypee Group, was admitted into insolvency in June 2024 with debt of around ₹55,000 crore. The National Asset Reconstruction Company is the largest lender to the company.
The acquisition gives the Adani Group access to a large land bank and several stalled housing projects in the National Capital Region, a market where it previously had limited presence. This effectively provides a ready-built platform to scale its real estate operations.
For investors, the deal signals Adani’s growing focus on asset-heavy sectors beyond infrastructure and energy. The move could accelerate project completions in NCR while reshaping competitive dynamics in North India’s real estate sector.