Only ARCIL disqualified, 25 final bidders, including Adani, Vedanta & Patanjali for Jaiprakash Assets
In a key development in the corporate insolvency resolution process of debt-laden Jaiprakash Associates Ltd (JAL), the Expression of Interest (EoI) submitted by Asset Reconstruction Company India Ltd (ARCIL) has been rejected, making it the only disqualified applicant among the 26 entities that submitted bids late last month. According to sources close to the process,…
