Month ended October, 2025.
Awaiting price reaction for this filing.
Jaiprakash Associates has filed its monthly SEBI-mandated disclosure on defaults in loan repayments to banks and financial institutions for October 2025. The company is currently under the Corporate Insolvency Resolution Process (CIRP) since June 3, 2024, following an NCLT order, with Bhuvan Madan appointed as the Resolution Professional. Total outstanding borrowings from banks and financial institutions stand at approximately ₹55,371.21 crore as of October 12, 2025, owed to lenders including NARCL, SBI, PNB, Axis Bank, ICICI Bank, and several asset reconstruction companies. All lenders are in the process of filing and verifying their claims under the IBC framework.
This is a routine statutory filing required because of the company's ongoing insolvency proceedings. Shareholders should note that the company's ₹55,371+ crore debt is being resolved through IBC, and equity investors are likely to face significant dilution or loss as per the resolution plan. Stock remains under considerable uncertainty until CIRP concludes.