Jaiprakash Associates Limited has informed stock exchanges that its Executive Director Manoj Gaur has been granted interim bail in the ongoing Enforcement Directorate investigation. The development comes approximately two months after his initial arrest in a money laundering case.

Court Orders Interim Bail

The Hon'ble Court of Additional Sessions Judge-7, Patiala House, New Delhi granted Manoj Gaur a 14-day interim bail through an order dated January 24, 2026. The Executive Director has been released following this judicial decision.

Background of ED Investigation

The Enforcement Directorate had arrested Manoj Gaur on November 13, 2025, as part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA). The investigation encompasses both Jaypee Infratech Ltd. and Jaiprakash Associates Ltd., with the ED examining potential money laundering activities involving these entities.

Regulatory Compliance and Disclosure

Jaiprakash Associates Limited filed the disclosure on January 25, 2026, through its Vice President & Company Secretary Som Nath Grover. The communication was sent to both major stock exchanges as part of mandatory regulatory requirements.

The company emphasized this disclosure as a continuation of its previous communication dated November 13, 2025, when it initially informed exchanges about the Executive Director's arrest. The latest update ensures stakeholders remain informed about significant developments affecting key management personnel under Regulation 30 of the SEBI Listing Regulations.

Jaiprakash Associates Limited (JAL), a major player in the infrastructure and real estate sectors, has disclosed its substantial outstanding debt of ₹55,371.21 crore in its quarterly disclosure for Q3FY26. This disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140, as the company continues to navigate through its Corporate Insolvency Resolution Process (CIRP).

Q3FY26 SEBI Compliance Disclosure

JAL submitted its mandatory quarterly disclosure for the quarter ended December 2025 to both BSE Limited and National Stock Exchange of India Limited. The disclosure was signed by Som Nath Grover, Vice President & Company Secretary, in accordance with SEBI regulations requiring listed entities to report defaults on payment of interest and principal amounts on loans from banks and financial institutions.

Financial Position and Debt Structure

The company's quarterly disclosure reveals that the total financial indebtedness remains at ₹55,371.21 crore, including both short-term and long-term debt. The disclosure format C2 specifically addresses defaults in loans from banks and financial institutions, including revolving facilities like cash credit.

Corporate Insolvency Resolution Process Status

JAL has been under Corporate Insolvency Resolution Process since June 3, 2024, following an order from the Hon'ble National Company Law Tribunal, Allahabad Bench. Mr. Bhuvan Madan was appointed as the Interim Resolution Professional and continues to oversee the resolution process.

Claims Verification and Lender Engagement

According to the quarterly disclosure, all lenders are currently in the process of filing their claims against the company, and these claims are under verification. The company noted that as it operates under the Insolvency and Bankruptcy Code 2016, the exact amount of defaults cannot be specified until the claims verification process is completed.

The ongoing insolvency process continues to be closely monitored by stakeholders, including creditors, employees, and the broader infrastructure sector, as the resolution of JAL's financial distress could have significant implications for the industry. The quarterly disclosure maintains transparency with investors and regulatory authorities while the company works through the structured resolution process under CIRP.