---
title: "Atul N. highlights ‘Commercial Wisdom of CoC’ in Adani-JAL Insolvency Outcome"
date: 2026-04-01
author: "King Stubb & Kasiva"
url: https://ksandk.com/news/atul-n-highlights-commercial-wisdom-of-coc-in-adani-jal-insolvency-outcome/
---

# Atul N. highlights ‘Commercial Wisdom of CoC’ in Adani-JAL Insolvency Outcome

Posted On - 1 April, 2026 • By - King Stubb & Kasiva

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The recent developments in the resolution process of Jaiprakash Associates Limited (JAL), as reported by *Business Standard*, have reignited discussion around the decision-making framework under India’s insolvency regime, particularly the pivotal role of the Committee of Creditors (CoC).

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Commenting on the outcome, Atul N. highlighted the centrality of creditor discretion within the Corporate Insolvency Resolution Process (CIRP), stating:  
 *“The decision ultimately rests on the commercial wisdom of the CoC, which evaluates not only the headline value but also the structure, certainty, and timing of recovery.”*

He further emphasized that the resolution outcome reaffirms a fundamental principle of India’s insolvency framework:  
 *“The outcome reinforces that CIRP is not a traditional auction but a creditor-driven process where feasibility, execution capability, and the time value of money often outweigh purely higher financial offers.”*

*Read more:*[*https://www.business-standard.com/companies/news/better-cash-recovery-and-track-record-kept-adani-ahead-in-jal-race-126032701085_1.html*](https://www.business-standard.com/companies/news/better-cash-recovery-and-track-record-kept-adani-ahead-in-jal-race-126032701085_1.html)

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