Sources said lenders preferred Adani's plan primarily because it offered a higher upfront payment compared to competing proposals

New Delhi: The Adani group has won the majority of lenders’ votes for the takeover of debt-laden Jaiprakash Associates, as its Rs 14,535-crore acquisition proposal included a higher upfront payment than rival bidders, sources said.

A Committee of Creditors voted on resolution plans (acquisition proposals) submitted by suitors, including Adani Group, Vedanta Ltd and Dalmia Cement (Bharat). Adani received the maximum 89 per cent of the votes from creditors, followed by Dalmia Cement (Bharat) and the Vedanta Group, they added.

National Asset Reconstruction Company Ltd (NARCL) had the biggest say in the process as it controls about 86 per cent of the Committ

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