Jaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process-Intimation for Convening of 15th meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates Limited has informed the stock exchanges that the 15th meeting of the Committee of Creditors (CoC) will be held on 25th June 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an admission order by the National Company Law Tribunal (NCLT) under Section 7 of the Insolvency and Bankruptcy Code, 2016. This filing is a routine procedural update under SEBI listing regulations regarding the ongoing insolvency proceedings. The disclosure was made by the Vice President & Company Secretary on 23rd June 2025.
This is a procedural update and not a new development — the insolvency admission has already occurred. For shareholders, the equity continues to face significant risk as the company's fate depends on the outcome of the resolution process. Expect continued stock price volatility and limited near-term upside until a resolution plan is approved.