Jaiprakash Associates Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority-Month ended December 2025
Awaiting price reaction for this filing.
Jaiprakash Associates Limited (JAL) has filed a mandatory SEBI disclosure regarding defaults on interest and principal repayments to its lenders for December 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code since June 2024, following an NCLT order. Total outstanding borrowings stand at approximately ₹55,371 crore as of November 5, 2025, owed to a large group of lenders including NARCL, SBI, PNB, ICICI Bank, Axis Bank, Canara Bank, IDBI Bank, and several asset reconstruction companies. Specific default amounts and dates have been left blank, with the company noting that lenders are still in the process of filing and verifying their claims under the IBC framework.
This filing is largely a procedural compliance under SEBI rules and reflects the ongoing insolvency situation rather than any new deterioration. Shareholders should note that the company remains under CIRP with a massive debt of over ₹55,000 crore, and recovery for equity holders is highly uncertain as lenders' claims take priority under IBC resolution.