Intimation of 13th Meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates Ltd has informed stock exchanges that the 13th meeting of the Committee of Creditors (CoC) will be held on 14th May 2025. This meeting is being conducted under the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT) admitted the company to insolvency under Section 7 of the Insolvency and Bankruptcy Code, 2016. The disclosure is being made under SEBI's Listing Obligations and Disclosure Requirements Regulations. The company is currently undergoing ongoing insolvency proceedings.
The stock remains under insolvency proceedings, meaning equity holders are likely to see minimal or no recovery. The 13th CoC meeting suggests the resolution process is still in progress, prolonging uncertainty for shareholders.