Disclosure of defaults
Awaiting price reaction for this filing.
Jaiprakash Associates Limited has filed a disclosure of loan defaults for April 2026. The company has total outstanding borrowings of INR 55,357.39 crore from 17 lenders including NARCL, multiple public and private sector banks, and asset reconstruction companies. The filing comes in the context of an ongoing Corporate Insolvency Resolution Process (CIRP), admitted by NCLT Allahabad Bench on June 3, 2024. Critically, NCLT approved the resolution plan submitted by Adani Enterprises Limited on March 17, 2026. Details of specific default amounts and dates are marked as pending in the format.
The company remains under insolvency proceedings with a resolution plan approved, signalling a major restructuring. Shareholders should note that the approved resolution plan will determine the future ownership and structure of the company, with significant dilution or elimination of existing equity likely as creditors recover dues from the admitted claims of INR 55,357.39 crore.