The National Company Law Tribunal (NCLT), Allahabad bench, approved the resolution plan in the Jaiprakash Associates’ insolvency case submitted by Adani Enterprises on Tuesday. The approval, given orally during the tribunal’s proceedings on March 17 under Section 31 of the Insolvency and Bankruptcy Code, marks a step forward in the company’s prolonged insolvency proceedings. The plan, originally submitted in October 2025 along with subsequent clarifications, positions Adani Enterprises as the successful resolution applicant.