The Congress on Tuesday alleged that public-sector LIC is being "forced" to use its policyholders' funds to "bail out" the Adani group and stressed the demand for a JPC probe is "essential and urgent".

Congress general secretary communications Jairam Ramesh claimed in a statement that Life Insurance Corporation of India (LIC) holding in Adani Enterprises, one of the listed companies of the Adani Group, at the end of June 2021 was 1.32 per cent and by the end of December 2022, it reached 4.23 percent.