Jaiprakash Associates Ltd (JAL) has scheduled the 15th meeting of its Committee of Creditors (CoC) on Wednesday, June 25, 2025, a day after the extended deadline for submission of resolution plans under its ongoing Corporate Insolvency Resolution Process (CIRP). The company is currently undergoing the resolution process under the Insolvency and Bankruptcy Code (IBC), 2016.
Jaiprakash Associates continued to be in focus as the resolution plan submission deadline neared.
Earlier this month, the company announced an extension of the deadline for submitting resolution plans from June 9 to June 24, after receiving multiple requests from Prospective Resolution Applicants (PRAs).
The extension was approved by the CoC with the requisite majority. The deadline extension was aimed at giving bidders more time to finalise their proposals for reviving the company and addressing its debt obligations.
Read More: Jaiprakash Associates: List of 26 Bidders Including Adani, Vedanta, and Patanjali.
The Committee of Creditors, made up of JAL’s financial creditors, plays a pivotal role in assessing resolution proposals and steering the future of the company. The 15th Committee of Creditors (CoC) meeting is set for June 25.
As part of the CIRP, the CoC is tasked with:
The upcoming June 25 meeting will be crucial in reviewing submitted proposals and discussing the next course of action.
Read More: What Led to Jaiprakash Associates' Insolvency Proceedings?
Frequent CoC meetings and deadline extensions underline the ongoing financial uncertainty surrounding Jaiprakash Associates. Investors and stakeholders are watching closely to see whether the resolution process will bring concrete developments—especially in light of the extended deadline and the company’s distressed financial condition.
As the flagship company of the Jaypee Group, the outcome of this insolvency process will have implications for the broader group and its stakeholders, including lenders, employees, and retail shareholders.
With the extended resolution plan deadline set for June 24 and the CoC meeting on June 25, the coming days will be crucial for Jaiprakash Associates. The decisions taken in the 15th CoC meeting may mark a turning point in the company’s resolution journey. Investors are advised to monitor the proceedings for any updates that could impact the stock or broader sentiment around Jaypee Group entities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 23, 2025, 3:19 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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