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