The Adani Group is likely to undertake a significant restructuring of Jaiprakash Associates Ltd (JAL) following its successful bid to acquire the bankrupt company, carving up assets across its core verticals to unlock value and streamline operations, according to people familiar with the development. The resolution plan, approved on March 17 by the Allahabad bench of the National Company Law Tribunal (NCLT), involves an acquisition outlay of about Rs 14,535 crore against JAL’s admitted debt of roughly Rs 57,185 crore. Adani Enterprises Ltd was the resolution applicant on behalf of the Adani Group, whose plan was approved by the tribunal.