Intimation of 14th Meeting of CoC of JAL.
Awaiting price reaction for this filing.
Jaiprakash Associates Ltd has informed stock exchanges that the 14th meeting of its Committee of Creditors will be held on 19th June 2025. The meeting is being conducted under the Corporate Insolvency Resolution Process (CIRP), which was admitted by the National Company Law Tribunal (NCLT) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The disclosure is being made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30). The fact that this is the 14th such meeting indicates the insolvency process has been ongoing for a significant period with no resolution plan yet approved.
Shareholders remain in a highly uncertain position as the company continues to be under insolvency proceedings with no resolution plan approved so far. Each CoC meeting is a step toward either a revival plan or liquidation, and prolonged CIRP typically erodes shareholder value further.