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Adani Entered 26 Bankruptcy Auctions. Here’s What Happened

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About Adani Entered 26 Bankruptcy Auctions. Here’s What Happened

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Since 2018, Adani group entities have bid for bankrupt companies in 26 cases we identified, winning 16. Across those 16, creditors were owed about Rs 1.31 lakh crore but recovered roughly Rs 33,000 crore, around 25 percent. None of this suggests that the Adani Group broke any law. After all, creditors made the decisions and tribunals approved them. But some cases had unusual twists, including a prime Mumbai BKC project recorded at zero value in the HDIL case, and a bid reopened after creditors had already picked a buyer in Lanco Amarkantak. When can bidding reopen for a better offer? Read the full investigation on Newslaundry: https://www.newslaundry.com/2026/09/25/adanis-insolvency-edge-3-in-every-5-bids-won-rs-97700-cr-in-haircuts-and-some-unexpected-turns Subscribe to Newslaundry: https://pages.razorpay.com/nlsm Join the NL-TNM Book Club: https://www.newslaundry.com/book-club Join us on WhatsApp: https://whatsapp.com/channel/0029Va61PEo0QeacOqU9vr2k Download the accessible Newslaundry app: https://www.newslaundry.com/download-app Follow and engage with us on social media: Facebook: https://facebook.com/newslaundry Twitter: https://twitter.com/newslaundry Instagram: https://instagram.com/newslaundry

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