Jaiprakash Associates Ltd

Jaiprakash Associates Defaults on Loans Amid Insolvency Process 📉

- Jaiprakash Associates Ltd (JAL) defaults on interest/principal payments for August 2025.

- Under Corporate Insolvency Resolution Process (CIRP) since 03 June 2024 per NCLT order.

- Mr. Bhuvan Madan appointed as Resolution Professional with 87.72% creditor approval.

- Total outstanding borrowings: ₹55,371.21 Crores as of 15.08.2025.

- Major lenders include NARCL, Axis Bank, ICICI Bank, and State Bank of India.

- Claims verification under IBC 2016 currently underway.