Jaiprakash Associates Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority- month ended March 2026
Awaiting price reaction for this filing.
Jaiprakash Associates Limited has disclosed loan default information under SEBI regulations for March 2026. The company, admitted into Corporate Insolvency Resolution Process (CIRP) since June 2024, has total outstanding borrowings of INR 55,357.39 crore as of March 31, 2026. The NCLT approved Adani Enterprises' resolution plan on March 17, 2026. The disclosure covers defaults across multiple lenders including NARCL, State Bank of India, ICICI Bank, Bank of Baroda, Canara Bank, and several other banks and asset reconstruction companies. The company is currently under the Monitoring Committee chaired by Bhuvan Madan.
This disclosure confirms severe financial distress with massive debt of over Rs 55,000 crore. While the Adani resolution plan approval offers a potential path forward, existing shareholders face extreme dilution or wipeout given the insolvency proceedings and huge debt burden.