Jaiprakash Associates Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority-month ended June 2025
Awaiting price reaction for this filing.
Jaiprakash Associates has filed its monthly disclosure of loan defaults with the stock exchanges, as required under SEBI's November 2019 circular. The company reported total outstanding borrowings of approximately ₹55,394 crore from a consortium of lenders including SBI, PNB, Canara Bank, Bank of Baroda, ICICI Bank, NARCL, and several others, as of June 10, 2025. The note clarifies that the company is already under the Insolvency and Bankruptcy Code (IBC) process, admitted by the NCLT Allahabad Bench on June 3, 2024, with Mr. Bhuvan Madan confirmed as the Resolution Professional. Lenders are currently in the process of filing and verifying their claims with the RP. Specific default dates and amounts were left blank, likely because the resolution process is ongoing and the disclosure format is being followed in a routine manner during insolvency.
This is largely a procedural, recurring disclosure with no new negative surprise — the company's insolvency and massive debt are already well known. For shareholders, the stock remains effectively a play on the outcome of the IBC resolution process rather than on-going operations, and equity value will depend on what the resolution plan ultimately offers.