No competing bids for Jaiprakash Associates, NARCL sole contender

January 16, 2025

National Asset Reconstruction Co remains the preferred bidder to take over Jaiprakash Associates after no competing bid was received. NARCL’s Rs 12,000 crore bid includes cash and security receipts backed by a government guarantee. JAL has been entangled in litigation and is one of the biggest insolvency resolution cases.

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