Intimation of 17th meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates Ltd has informed stock exchanges that the 17th meeting of its Committee of Creditors (CoC) will be held on 7th July 2025. This meeting is being conducted under the Corporate Insolvency Resolution Process (CIRP), following the National Company Law Tribunal (NCLT) admitting the company into insolvency under Section 7 of the Insolvency and Bankruptcy Code, 2016. The intimation is being made under SEBI's Listing Obligations and Disclosure Requirements Regulations.
The company is already admitted into insolvency proceedings, and this marks the 17th CoC meeting, indicating that the resolution process is still ongoing. For shareholders, this is a negative signal as prolonged CIRP often leads to significant equity dilution or write-off under the final resolution plan.