Jaiprakash Associates Informs Exchanges of 26th Committee of Creditors Meeting

1 min read     Updated on 14 Feb 2026, 02:18 AM
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Overview

Jaiprakash Associates Limited filed post-facto intimation with BSE and NSE regarding its twenty-sixth Committee of Creditors meeting held on February 12, 2026. The company, currently in Corporate Insolvency Resolution Process, made this disclosure under SEBI regulations on February 13, 2026, signed by Vice President & Company Secretary Som Nath Grover.

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Jaiprakash Associates Limited has notified stock exchanges about the completion of its twenty-sixth Committee of Creditors (CoC) meeting, held as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company submitted post-facto intimation to both BSE Limited and National Stock Exchange of India Limited on February 13, 2026.

Meeting Details and Regulatory Compliance

The twenty-sixth Committee of Creditors meeting was convened on Thursday, February 12, 2026. This disclosure was made under Regulation 30 read with Clause 16(g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Meeting Parameter: Details
Meeting Type: Twenty-Sixth Committee of Creditors Meeting
Date Held: February 12, 2026
Disclosure Date: February 13, 2026
Reference Letter: February 10, 2026
Current Status: Corporate Insolvency Resolution Process (CIRP)

Corporate Communication

The intimation was formally communicated to both major stock exchanges where the company is listed. The company trades under scrip code 532532 on BSE and under the symbol JPASSOCIAT on NSE.

Authorized Signatory

The communication was signed by Som Nath Grover, Vice President & Company Secretary (FCS-4055), who submitted the disclosure on February 13, 2026 at 16:27:32. The company referenced its earlier correspondence dated February 10, 2026, in connection with this meeting intimation.

This regulatory filing demonstrates the company's continued compliance with disclosure requirements while undergoing the insolvency resolution process, ensuring transparency for stakeholders and market participants.

Historical Stock Returns for Jaiprakash Associates

1 Day5 Days1 Month6 Months1 Year5 Years
-3.98%-1.17%+3.68%-20.09%-22.83%-51.71%
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Jaiprakash Associates Discloses ₹55,357.39 Crore Outstanding Debt in January 2026 Filing

2 min read     Updated on 05 Feb 2026, 06:47 PM
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Reviewed by
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Overview

Jaiprakash Associates Limited disclosed total outstanding borrowings of ₹55,357.39 crores as on January 14, 2026, in its monthly default disclosure filing with stock exchanges. The company continues operating under Corporate Insolvency Resolution Process since June 2024, with Resolution Professional Bhuvan Madan overseeing proceedings. Multiple lenders including NARCL, major public and private sector banks, and asset reconstruction companies are involved in the claim verification process.

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*this image is generated using AI for illustrative purposes only.

Jaiprakash associates Limited has filed its monthly disclosure of defaults on payment obligations, revealing total outstanding borrowings of ₹55,357.39 crores as on January 14, 2026. The company submitted this mandatory filing to BSE and NSE on February 5, 2026, in compliance with SEBI circular requirements for companies under insolvency proceedings.

Financial Obligations and Outstanding Debt

The company's disclosure presents a comprehensive overview of its financial position while operating under the Corporate Insolvency Resolution Process. The filing indicates that both outstanding borrowings from banks and financial institutions and total financial indebtedness stand at the same amount.

Financial Parameter: Amount (₹ Crores) Date
Outstanding Borrowings from Banks/FIs: 55,357.39 January 14, 2026
Total Financial Indebtedness: 55,357.39 January 14, 2026

Lender Portfolio and Obligations

The company maintains obligations across a diverse portfolio of financial institutions. The disclosure identifies multiple categories of lenders involved in the resolution process.

Key Lenders Include:

  • National Asset Reconstruction Company Limited (NARCL)
  • Major public sector banks: State Bank of India, Punjab National Bank, Bank of Maharashtra, Canara Bank, Bank of Baroda
  • Private sector banks: ICICI Bank Limited, Axis Bank Limited, Yes Bank Limited
  • Regional banks: The Jammu & Kashmir Bank Limited, Indian Overseas Bank, IDBI Bank Limited
  • Asset reconstruction companies: Asset Care & Reconstruction Enterprise (ACRE) Limited, Asset Reconstruction Co India Ltd (ARCIL)
  • International institutions: DBS Bank India Limited, The Bank of New York Mellon

Corporate Insolvency Resolution Process Status

Jaiprakash Associates has been operating under the Insolvency and Bankruptcy Code 2016 since June 3, 2024, following an order from the National Company Law Tribunal, Allahabad Bench. The resolution process continues under the supervision of appointed Resolution Professional Bhuvan Madan.

Process Details: Information
NCLT Order Date: June 3, 2024
Resolution Professional: Bhuvan Madan
CoC Confirmation: July 30, 2024
Voting Share: 87.72%
IBBI Registration: IBBI/IPA-001/IP-P01004/2017-2018/11655

The Committee of Creditors confirmed Bhuvan Madan's appointment as Resolution Professional during their second meeting held on July 30, 2024, with 87.72% voting share approval. All lenders are currently in the process of filing their claims, which remain under verification as part of the standard insolvency resolution procedure.

Regulatory Compliance and Disclosure

The monthly disclosure filing demonstrates the company's continued compliance with SEBI regulations despite operating under insolvency proceedings. The disclosure follows the specified Format C1 for default in loans, covering various types of obligations including term loans, working capital term loans, and fund-based/non-fund-based facilities. The filing was signed by Som Nath Grover, Vice President & Company Secretary, and countersigned by Resolution Professional Bhuvan Madan, ensuring proper authorization and regulatory compliance throughout the insolvency resolution process.

Historical Stock Returns for Jaiprakash Associates

1 Day5 Days1 Month6 Months1 Year5 Years
-3.98%-1.17%+3.68%-20.09%-22.83%-51.71%
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