Defaults on payment
Awaiting price reaction for this filing.
Jaiprakash Associates has filed a quarterly disclosure with BSE and NSE reporting defaults on payment of interest and repayment of principal on its bank and financial institution loans for the quarter ended December 31, 2025. The company's total financial indebtedness stands at approximately Rs 55,371.21 crore, though the exact default amount is not separately disclosed. The filing notes that the company remains under the Corporate Insolvency Resolution Process (CIRP) since the NCLT Allahabad order dated June 3, 2024, with Mr. Bhuvan Madan as the Interim Resolution Professional. Specific default figures are withheld because lenders are still in the process of filing and verifying their claims with the resolution professional. The company has no outstanding unlisted debt securities (NCDs/NCRPS).
This is largely a procedural compliance filing under SEBI's default disclosure rules, but it highlights the company's massive debt burden of over Rs 55,000 crore and confirms that resolution under IBC is still ongoing. Existing shareholders should be aware that recovery for equity holders remains uncertain while the insolvency process continues, and any resolution plan could significantly dilute or wipe out current shareholdings.