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CCI Approves Jindal Power’s Acquisition of Debt-Ridden Jaiprakash Associates Limited (JAL) in September 2025.

Banking & Finance | Dated: 03 Oct 2025

The Competition Commission of India (CCI), under the Ministry of Corporate Affairs (MCA), approved the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited through the Corporate Insolvency Resolution Process (CIRP).

🎯 Key Highlights:

  • - The approval was granted under the Insolvency and Bankruptcy Code (IBC), 2016, as part of JAL’s ongoing Corporate Insolvency Resolution Process (CIRP), highlighting a major restructuring move in India’s corporate sector.
  • - Jaiprakash Associates Limited (JAL) is currently under heavy financial stress with outstanding debt obligations of around Rs 57,185 crore, making the acquisition a high-stakes resolution effort.

💡 Other Important Facts:

  • (i) Jindal Power Limited, incorporated under the Companies Act, 1956, is a leading entity in the power sector. It is part of a larger group with global business presence in steel, energy, and mining industries.
  • (ii) JAL is a diversified company with operations in real estate, cement, hospitality, and Engineering, Procurement & Construction (EPC), making this acquisition significant for both industrial and infrastructural sectors.

📚 Test Your Knowledge:

The Competition Commission of India (CCI) under the Ministry of Corporate Affairs (MCA) recently approved the acquisition of Jaiprakash Associates Limited (JAL) by which company?

Correct Answer: Jindal Power Limited

🚀 Quick Recap: