Default7 May 2026, 03:15 pm
Jaiprakash Associates: Discloses ₹55,357.39 Cr Outstanding Debt
AI Summary
Jaiprakash Associates Ltd (JAL) disclosed defaults on loan payments to banks and financial institutions for April 2026. The company's total outstanding borrowings from banks and financial institutions amount to ₹55,357.39 crores as of April 30, 2026. JAL is undergoing corporate insolvency resolution process, with Adani Enterprises' resolution plan approved by NCLT on March 17, 2026.
Key Highlights
- Jaiprakash Associates defaults on loan payments for April 2026.
- Outstanding borrowings from banks/financial institutions: ₹55,357.39 Cr.
- Adani Enterprises' resolution plan approved by NCLT on March 17, 2026.
- JAL is under corporate insolvency resolution process since June 3, 2024.