Can You Buy Jaiprakash Associates Shares? Check Trade Restrictions, IRP Process and More

Founded in 1995, Jaiprakash Associates Ltd operates across multiple sectors including Engineering & Construction, Cement Manufacturing, Power Generation, Fertiliser Production, Real Estate Development, Infrastructure, and Hospitality.

Can You Buy Jaiprakash Associates Shares?

Currently, buying and selling in Jaiprakash Associates shares is not allowed as trading is restricted under the Insolvency and Bankruptcy Code (IBC) during the Interim Resolution Professional’s (IRP) management. Share trading is expected to resume only after the successful completion of the insolvency proceedings.

Jaiprakash Associates Latest Development

Jaiprakash Associates Ltd is currently undergoing the Corporate Insolvency Resolution Process (CIRP). The company has recently announced an extension for the submission deadline of bids from Prospective Resolution Applicants (PRAs), now extended to June 24, 2025, from the initial date of June 9, 2025. This extension has been approved by the Corporate Debtor.

The company said in an exchange filing, “ This is in continuation of our earlier disclosures under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 regarding publication of Form G dated 10th January, 2025, as amended from time to time and detailed Invitation for Expression of Interest dated 10th January 2025 ("IEOI"), as amended from time to time in the Corporate Insolvency Resolution Process ("CIRP") of Jaiprakash Associates Limited ("Corporate Debtor").

In terms of the said IEOI, the Prospective Resolution Applicants (“PRAs”) were given a timeline of 9th June 2025 for submission of their Resolution Plans. However, consequent upon requests received from several PRAs for extension of the current deadline of 9th June 2025 for submission of resolution plans, the members of the Committee of Creditors of the Corporate Debtor have approved with the requisite majority the extension of time for submission of Resolution Plans till 24th June 2025.”

Also Read: Jaiprakash Associates Attracts Strong Interest as June 9 Bidding Deadline Nears

Outstanding Borrowings

The company reported a default in interest and principal repayments on loans from banks and financial institutions. As of April 24, 2025, the outstanding dues amounted to ₹55,407.72 Crore for the month ended May 2025.

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