The race to acquire Jaiprakash Associates Ltd (JAL) under the insolvency process has intensified, with major corporate players including the Adani Group, Vedanta, Dalmia Bharat Cement, and Suraksha Group submitting resolution plans. JAL, once a sprawling conglomerate with interests in cement, real estate, and infrastructure, owes creditors over Rs. 57,000 crore and has entered the Corporate Insolvency Resolution Process (CIRP) under orders from the NCLT. Although initial interest was shown by 25 firms, not all have moved forward with binding bids.