Jaiprakash Associates Limited — Others, 28-06-2025: Corporate Insolvency Resolution Process

Jaiprakash Associates has announced a board meeting on the ongoing Corporate Insolvency Resolution Process (CIRP). In the fourteenth Committee of Creditors meeting, approval was granted for appointing M/s. Kroll to assess eligibility of resolution applicants and for security audit and EPC consultant costs. However, proposed fees for M/s. BDO India LLP, M/s. Baker Tilly/ASK, and M/s. Grant Thornton Bharat LLP for similar eligibility assessments were rejected. The CoC also approved an extension for submission of resolution plans and ratified the extended interval between key meetings. This progress impacts the company’s resolution timeline and stakeholder interests.