NEW DELHI – In a landmark development for India’s infrastructure and real estate sector, the Committee of Creditors has officially selected the Adani Group as the successful Resolution Applicant for Jaiprakash Associates Limited.The announcement was made by company founder Jaiprakash Gaur in a public statement issued on April 9, 2026.
Founded in 1979, Jaiprakash Associates has been a prominent force in Indian nation-building for over four decades(cite: 4). (cite_start)Gaur described the company as a “lifelong journey of conviction” that resulted in the creation of several iconic national assets.
- Key projects delivered by the institution include:
The Buddha International Circuit
Significant hydropower projects
Substantial cement production capacity
Integrated townships such as Jaypee Wish Town, Jaypee Greens, and Jaypee Sports City
Gaur noted that while the journey remains a matter of “deep personal pride,” the recent Corporate Insolvency Resolution Process (CIRP) has been a challenging period for homebuyers, employees, lenders, and partners.
- A Competitive Resolution Process
The selection comes after a transparent process conducted by the Resolution Professional and the Committee of Creditors.Gaur extended his gratitude to both the Adani Group and the Vedanta Group for their interest and participation in the resolution proceedings.
“We fully respect this decision,” Gaur stated, emphasizing the commitment shown by all parties to enable a fair and credible resolution for the company’s stakeholders.
- The Road Ahead Under Adani Leadership
Looking toward the future, the founder expressed high confidence in the new leadership.He believes that under the direction of Shri Gautam Adani, the legacy of the company will be carried forward with renewed purpose and responsibility.
“I have every confidence that… the aspirations of all stakeholders fulfilled,” Gaur remarked, concluding his statement with heartfelt wishes for the Adani Group as they take over the company’s journey.
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