Jaiprakash Associates Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority - Month ended April 2025
Awaiting price reaction for this filing.
Jaiprakash Associates Limited (JAL) has disclosed defaults on loan repayments and interest payments to a large group of banks and financial institutions for the month ended April 2025. The company has total outstanding borrowings of approximately ₹55,933.69 crore as on 15 April 2025 from lenders including SBI, LIC, Axis Bank, ICICI Bank, Punjab National Bank, Canara Bank, and several others. Specific default amounts and dates have not been provided in the filing. The company is currently undergoing corporate insolvency resolution process (IBC), admitted on 3 June 2024 by the NCLT Allahabad Bench, with Mr. Bhuvan Madan appointed as the Resolution Professional. Lenders are still in the process of filing and verifying their claims with the resolution professional.
This filing confirms that JAL is in deep financial distress with very high debt levels, and shareholders face significant uncertainty as the company navigates the insolvency resolution process — outcomes could range from a revival plan to liquidation. The stock remains a high-risk proposition with potential for further value erosion.