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Jaiprakash Associates Reveals INR 55,371.21 Crore Debt Amidst Ongoing Insolvency Process 1 hour ago Today

Jaiprakash Associates Limited (JAL) has disclosed an outstanding debt of INR 55,371.21 crore as it undergoes Corporate Insolvency Resolution Process (CIRP). Mr. Bhuvan Madan has been appointed as Resolution Professional, confirmed by the Committee of Creditors with 87.72% voting share. The company's latest balance sheet shows declining total assets (-4.26% YoY) and increasing total liabilities (+3.28% YoY), with shareholders' capital turning significantly negative. Major lenders include NARCL, Axis Bank, SBI, and others. The insolvency process will focus on claim verification, resolution plan formulation, and potential debt restructuring.

Adani Enterprise's Resolution Plan for Jaiprakash Associates Secures 93.81% Approval from Creditors Nov 19, 2025

Jaiprakash Associates: Five Resolution Plans Under Voting for Debt-Laden Company Nov 11, 2025

Jaiprakash Associates to Release Q2 FY26 Results Amid Ongoing Corporate Insolvency Resolution Process Nov 11, 2025

Adani Enterprises Leads Bid for Jaiprakash Associates Acquisition Nov 10, 2025

More news about Jaiprakash Associates

15Oct 25

Jaiprakash Associates' Creditors Approve Key Resolutions in Insolvency Process

Jaiprakash Associates Limited's (JAL) Committee of Creditors (CoC) has approved four crucial resolutions during its insolvency proceedings. The resolutions include incorporating verified creditor claims, approving consultant fees for liquidation value determination, extending the deadline for revised resolution plans, and ratifying the extended interval between CoC meetings. All resolutions received over 85% approval, surpassing the required 51% threshold. These developments mark significant progress in JAL's Corporate Insolvency Resolution Process (CIRP).

14Oct 25

CCI Greenlights Vedanta's Acquisition of Jaiprakash Associates

The Competition Commission of India (CCI) has granted approval for Vedanta's acquisition of Jaiprakash Associates. This regulatory clearance is a crucial step in the acquisition process, allowing the transaction to proceed. The approval suggests that the CCI does not anticipate significant anti-competitive effects from the merger. This acquisition could lead to market consolidation, operational synergies, and potential shifts in the competitive landscape of the sectors involved.

17Sept 25

Jaiprakash Associates Creditors Approve Claims List with 89% Votes During Insolvency Process

Jaiprakash Associates Limited's Committee of Creditors (CoC) approved the list of claims with 89.07% votes and ratified communication with resolution applicants with 89.48% votes. The CoC rejected the IP insurance policy costs proposal. These decisions were made during the twentieth CoC meeting and subsequent e-voting process, conducted under IBBI regulations.

22Jul 25

Jaiprakash Associates' Creditors Approve 21 Related Party Transactions Amid Insolvency Process

The Committee of Creditors (CoC) for Jaiprakash Associates Limited (JAL) has approved 21 related party transactions through e-voting during its insolvency process. Approvals include project management consultancy, helicopter charter services, IT support, and inter-company advances. The CoC also approved reappointment of three directors with suspended powers. All resolutions received strong support, with approval percentages between 85.88% and 87.47%. These transactions will be part of the insolvency resolution process cost, with some agreements including annual escalations of 5-10%.

22Jul 25

Jaiprakash Associates' Creditors Approve 21 Related Party Transactions Amid Insolvency Process

The Committee of Creditors (CoC) for Jaiprakash Associates Limited (JAL) has approved 21 related party transactions through e-voting during their 17th meeting. These transactions cover project management consultancy, aviation services, IT support, and inter-company advances. The CoC also approved the reappointment of three directors with suspended powers: Mr. Manoj Gaur, Mr. Pankaj Gaur, and Mr. Naveen Kumar Singh, with annual remunerations ranging from INR 1.28 to 2.14 crores. All resolutions received strong support, with approval percentages between 85.88% and 87.47%, surpassing the required 66% threshold.

08Jul 25

Adani Group Places Unconditional ₹12,600 Crore Bid for Jaiprakash Associates

Adani Group has submitted an unconditional bid of ₹12,600 crore for the acquisition of debt-ridden Jaiprakash Associates in its ongoing insolvency process. This bid competes with a conditional offer of ₹14,600 crore from Dalmia Bharat and three other conditional bids. The Committee of Creditors has requested all bidders to revise and improve their financial proposals. The unconditional nature of Adani's bid could give it an advantage despite not being the highest offer.

09Jun 25

Jaiprakash Associates Extends Resolution Plan Deadline to June 24, 2025

Jaiprakash Associates Ltd (JAL) has extended the deadline for submission of resolution plans from June 9 to June 24, 2025, as approved by the Committee of Creditors. The company's outstanding loans total ₹55,493.43 crore as of February 20, 2025. A consortium of lenders has transferred their outstanding loans to the National Asset Reconstruction Company Ltd (NARCL) to streamline the debt resolution process.

25May 25

Jaiprakash Associates: Lenders Approve ₹936 Crore Cash Outflow Amid ED Searches

Jaiprakash Associates, a major infrastructure and real estate company, has received lender approval for a ₹936.27 crore cash outflow for future operations. Simultaneously, the Enforcement Directorate (ED) has initiated searches on the company, which began on May 23. Jaiprakash Associates has stated they are fully cooperating with the authorities during this process.

05May 25

Jaiprakash Associates Enters Conciliation with NHAI Over ₹1,461 Crore Claims

Jaiprakash Associates Limited (JAL) has entered into a conciliation process with the National Highways Authority of India (NHAI) to resolve disputes totaling ₹1,461.63 crore. The disputes relate to two highway projects in Uttar Pradesh: Varanasi-Gorakhpur Section (Package-IV) and Varanasi-Gorakhpur Section (Package-III). JAL's claims include expenses for encroachment removal, land provision delays, and project extension costs. NHAI has counter-claims for supervision services, toll revenue loss, and liquidated damages. The conciliation is being handled by NHAI's Conciliation & Settlement Committee of Independent Experts. JAL is currently undergoing a Corporate Insolvency Resolution Process.

13Mar 25

Jaiprakash Associates Assigns Outstanding Debt to NARCL Amid Corporate Insolvency Resolution Process

Jaiprakash Associates Limited (JAL) has assigned its outstanding debt to the National Asset Reconstruction Company Limited (NARCL) as part of its ongoing corporate insolvency resolution process. The debt transfer, executed on March 11, 2025, includes securities, pledged shares, guarantees, and receivables from a consortium of lenders including major banks and financial institutions. JAL's affairs are currently managed by a Resolution Professional under Committee of Creditors supervision. The company also announced a board member resignation and an extension for submission of expressions of interest until March 25, 2025.

12Mar 25

Jaiprakash Associates Assigns Outstanding Debt to NARCL, Extends EOI Deadline

Jaiprakash Associates Limited (JAL) has announced the assignment of its outstanding debt to the National Asset Reconstruction Company Limited (NARCL). A consortium of 24 lenders, including major banks, has transferred JAL's debt to NARCL through a Deed of Assignment dated March 11, 2025. This move centralizes JAL's debt under NARCL, potentially streamlining the resolution process. Additionally, the deadline for submission of Expressions of Interest (EOI) in JAL's insolvency proceedings has been extended to March 25, 2025, providing more time for potential investors to evaluate the company's assets.

10Mar 25

NCLT Mandates Single Resolution Plan for Jaiprakash Associates' Insolvency

The NCLT Allahabad Bench has ruled that Jaiprakash Associates' insolvency resolution must proceed under a single, comprehensive plan, rejecting the previously considered dual-option approach. The resolution professional has set April 5 as the deadline for issuing the final list of prospective resolution applicants, and June 9 as the last date for submitting firm resolution plans. This decision aims to streamline the insolvency process and ensure a more cohesive approach to addressing the company's financial challenges.