Jaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process - 13th Meeting of CoC.
Awaiting price reaction for this filing.
Jaiprakash Associates Limited has informed the stock exchanges that the 13th meeting of its Committee of Creditors (CoC) will be held on 14th May 2025. This meeting is part of the ongoing Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT) admitted the company under Section 7 of the Insolvency and Bankruptcy Code, 2016. The disclosure is being made under SEBI Listing Regulations. The company is already deep into the insolvency process, and this is a routine procedural update.
This is a procedural update and not a new development — the company has been under CIRP for some time. Shareholders should expect continued uncertainty as the insolvency process progresses, with potential equity dilution or write-down depending on the resolution plan approved by the CoC.