Jaiprakash Associates Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority
Awaiting price reaction for this filing.
Jaiprakash Associates has filed its monthly disclosure of defaults on interest and principal payments to banks and financial institutions, as required under a SEBI circular, for the month ended February 2026. The company has reported total outstanding borrowings of approximately ₹55,357.39 crore from a wide group of lenders including SBI, PNB, ICICI Bank, NARCL, IDBI Bank, and several others. Specific default amounts and dates have not been disclosed in this filing. The company is currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated June 3, 2024, with Mr. Bhuvan Madan acting as the Resolution Professional. Lenders are in the process of filing and verifying their claims as part of the ongoing insolvency proceedings.
Shareholders should be aware that the company remains under insolvency resolution with very high outstanding debt of over ₹55,000 crore, meaning equity holders face significant risk of dilution or near-total loss depending on the resolution plan. The stock remains a distressed asset and is highly speculative.