Jaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process-Voting Results
Awaiting price reaction for this filing.
Jaiprakash Associates, which is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, has disclosed the e-voting results of its 18th Committee of Creditors (CoC) meeting held on 1st August 2025. Four items were put to vote between 7th and 11th August 2025, and all were approved with strong majority: (1) ratification of budgeted cash outflows for July-September 2025 to keep the business running as a going concern (88.70% approval), (2) fees for tax consultant M/s Dass Gupta & Associates (88.70%), (3) fees for Mr. Ashish Narula as facility management consultant for Jaypee Greens and Wishtown projects (88.70%), and (4) extension of 10 days for site/location visits by prospective resolution applicants (92.31%). Resolution Professional Bhuvan Madan signed the filing.
This is a routine procedural update during ongoing insolvency proceedings. All items relate to operational costs and process facilitation rather than a final resolution plan. Existing shareholders continue to remain in limbo until a resolution plan is approved and implemented; the site visit extension suggests potential bidders are still evaluating the company's assets.