Intimation of 20th meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates Ltd has informed the stock exchanges that the 20th meeting of its Committee of Creditors (CoC) will be held on 5th September 2025. The meeting is being conducted under the Corporate Insolvency Resolution Process (CIRP) of the company, which was admitted by the National Company Law Tribunal (NCLT) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The fact that this is the 20th CoC meeting suggests the insolvency resolution process has been ongoing for a considerable period. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
For shareholders, this is not a new negative event but a procedural update confirming the company remains under IBC resolution. The prolonged CIRP (20th CoC meeting) raises concerns about the timeline for resolution and the ultimate recovery for equity holders, who typically stand last in the priority order.