Legal19 Sept 2026, 02:00 pm
Jaiprakash Power Ventures Settles Claim with NARCL for ₹511 Cr
AI Summary
Jaiprakash Power Ventures Ltd has reached a settlement agreement with National Asset Reconstruction Company Limited (NARCL) for a claim. The settlement is contingent upon the company making a full and final payment of ₹511.00 crores and fulfilling other stipulated conditions, including the execution of definitive agreements. Upon fulfillment of all settlement terms, the Insolvency and Bankruptcy Code (IBC) proceedings will be withdrawn. The company has committed to keeping the stock exchanges updated on further developments.
Key Highlights
- Settlement reached with NARCL for ₹511 crore.
- Payment is full and final, subject to conditions.
- IBC proceedings to be withdrawn upon settlement fulfillment.
- Company to provide further updates.
Price Impact
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