Jaiprakash Associates Limited: CoC Approves Key Resolutions During CIRP
Jaiprakash Associates Limited (JP ASSOCIAT) has provided a post-facto intimation regarding the twenty-fifth meeting of its Committee of Creditors (CoC). This meeting, which is part of the ongoing Corp...
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Why is Jaiprakash Associates Limited in the news today?
Jaiprakash Associates Limited (JPASSOCIAT) is in the news due to the announcement is a routine update on the progress of the corporate insolvency resolution process (cirp) and the outcomes of a committee of creditors (coc) meeting. while the resolutions were approved, they are procedural in nature and do not indicate a significant positive or negative development for the company's financial health or future prospects at this stage.
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Jaiprakash Associates Limited: CoC Approves Key Resolutions During CIRP
December 26, 2025, 02:43 PM
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Jaiprakash Associates Limited (JP ASSOCIAT) has provided a post-facto intimation regarding the twenty-fifth meeting of its Committee of Creditors (CoC). This meeting, which is part of the ongoing Corporate Insolvency Resolution Process (CIRP), saw the approval of three key items through e-voting.
The e-voting period commenced at 4:00 PM on December 21, 2025, and concluded at 9:00 PM on December 24, 2025. The resolutions approved by the CoC include the payment of cost for IP insurance, which will be part of the insolvency resolution process costs. Additionally, the operational budget for the period between October 1, 2025, and December 31, 2025, was approved/ratified as part of the insolvency resolution process costs. Finally, the fee payable to the authorized representative of homebuyers for attending sub-committee meetings of the CoC was also approved.
All three resolutions achieved a voting percentage of 85.43%, significantly exceeding the required 51.00% for approval. The company has submitted this information for compliance and record-keeping purposes.
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