Jaiprakash Associates Limited — Others, 21-07-2025: Corporate Insolvency Resolution Process

Jaiprakash Associates Limited's Committee of Creditors (CoC) has approved all resolutions pertaining to the ongoing Corporate Insolvency Resolution Process. These approvals include various related party transactions crucial for operations, such as project management consultancy for hydro power, helicopter services, IT support, and inter-company advances for statutory expenses. Additionally, the CoC ratified payments for manpower supply and hotel management fees. The re-appointment and annual remuneration of directors Mr. Manoj Gaur (INR 2.14 Cr), Mr. Pankaj Gaur (INR 1.46 Cr), and Mr. Naveen Kumar Singh (INR 1.28 Cr) were also approved. These decisions are vital for ensuring the continuity of the company's critical functions during CIRP.