Voting Results of CoC Meeting
Awaiting price reaction for this filing.
Jaiprakash Associates, currently under Corporate Insolvency Resolution Process (CIRP), disclosed e-voting results of its 21st CoC meeting held on October 6, 2025. All four resolutions were approved by the CoC with voting percentages well above the required 51% threshold. Key items included approval to add verified creditor claims to the creditors list (89.07% in favour), approval of fees for Grant Thornton Bharat LLP for preparing the liquidation value report (85.46%), ratification of a 10-day extension for resolution applicants to submit revised resolution plans (89.07%), and ratification of the extended gap between the 20th and 21st CoC meetings (89.07%). The filing was signed by the Resolution Professional, indicating the company remains in active insolvency proceedings under the Insolvency and Bankruptcy Code.
Routine procedural update from an insolvent company — no resolution plan approval yet. Shareholders remain in limbo as CIRP continues, with the outcome depending on whether a viable resolution plan is eventually approved by the CoC and NCLT.