Intimation for convening of Fifteenth meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates has informed the stock exchanges that the 15th meeting of its Committee of Creditors (CoC) is scheduled for 25th June 2025. This meeting is being held as part of the ongoing Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT) admitted the company under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CoC is the body of financial creditors that oversees and decides the course of the insolvency resolution, including evaluation of bids and the fate of the company. The disclosure is made under SEBI's listing obligations requiring the company to keep investors informed of material insolvency-related developments. This is the 15th such meeting, indicating the process has been ongoing for a considerable period.
For shareholders, this confirms the insolvency resolution process is still active, with equity holders typically facing significant risk of value erosion or dilution depending on the resolution plan approved by creditors. The stock is likely to remain volatile and sensitive to any developments emerging from this CoC meeting.