New Delhi, 9 April 2026 – A major change has been seen in India’s infrastructure and real estate sector. The Committee of Creditors (CoC) has officially selected Adani Group as the successful resolution applicant for Jaiprakash Associates Limited.

• New chapter in the legacy of nation building

Company founder Jaiprakash Gaur issued a public statement recalling his decades-long journey with the organization. Since its inception in 1979, Jaiprakash Associates has delivered many prestigious properties to the country, including:

Buddha International Circuit

Major Hydropower Projects and Cement Capacity

Integrated Township: Jaypee Wish Town, Jaypee Greens and Jaypee Sports City

Gaur said this journey has been a matter of personal pride for him, although the recent financial challenges and the bankruptcy process have been difficult for all stakeholders.

• transparent resolution process

Jaiprakash Gaur clarified that throughout the process he has worked sincerely with home buyers, employees, lenders and partners to reach a fair resolution. He appreciated the resolution professional and the Committee of Creditors for this transparent process. Both Adani Group and Vedanta Group had shown their interest in this race, in which ultimately the proposal of Adani Group was approved.

Trust in the leadership of Gautam Adani

Respecting the decision of the committee, Gaur expressed deep confidence in the new leadership to take the legacy of the company forward. He said, “I am confident that under the leadership of Shri Gautam Adani, the legacy of Jaiprakash Associates will be carried forward with renewed energy, responsibility and purpose, thereby fulfilling the aspirations of all stakeholders”. He also extended his warmest wishes to the Adani Group for this new journey.