Jaiprakash Associates Limited — Others, 24-05-2025: Corporate Insolvency Resolution Process

Jaiprakash Associates has announced a board meeting, with the Thirteenth Committee of Creditors approving key decisions via e-voting. They sanctioned a budgeted cash outflow of INR 936.27 Cr for operational and one-time expenses to sustain the business during insolvency. The CoC authorized initiating insolvency proceedings for Bhilai Jaypee Cement Limited. Appointments for statutory, cost, secretarial, and internal auditors were confirmed for FY 2025-26 with agreed fees. Approval was also granted to secure bank guarantees of INR 10 lakhs to support interim finance compliance.