Intimation of 23rd Meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates has informed stock exchanges that the 23rd meeting of the Committee of Creditors (CoC) will be held on 7th November 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) after being admitted by the National Company Law Tribunal (NCLT) under Section 7 of the Insolvency and Bankruptcy Code, 2016. This filing is a procedural disclosure required under SEBI listing regulations and is not a new development in the insolvency case itself. The fact that this is the 23rd CoC meeting indicates the resolution process has been prolonged well beyond the typical timelines under IBC.
For shareholders, this serves as a reminder that the company remains in active insolvency proceedings with no resolution plan in place yet. Continued CoC meetings typically signal ongoing negotiations or hurdles in the resolution process, keeping equity value highly uncertain and at significant risk of dilution or extinction under any resolution plan.