Jaiprakash Associates Ltd

Jaiprakash Associates Ltd. Discloses Loan Defaults Amid Insolvency Process 📉

- Jaiprakash Associates Ltd. (JAL) disclosed defaults on loan payments to banks and financial institutions for January 2026.

- The company is under Corporate Insolvency Resolution Process as per NCLT order dated June 3, 2024.

- Total outstanding borrowings and financial indebtedness are INR 55,357.39 crores as of January 14, 2026.

- Lenders include major banks and financial institutions such as NARCL, SBI, ICICI Bank, Axis Bank, and others.

- Bhuvan Madan is the appointed Resolution Professional for the insolvency process.