Jaiprakash Associates Limited (JAL) has successfully achieved 89.07% approval from its Committee of Creditors (CoC) during the recent Corporate Insolvency Resolution Process (CIRP) voting. This critical voting took place between October 28 and October 31, 2025, following the Twenty-Second CoC meeting held on October 15, 2025. The primary agenda was to ratify the deadline of October 14, 2025, at 11:59 PM, for the submission of signed resolution plans by potential resolution applicants, as stipulated in the process guidelines established on August 28, 2025.

The voting was conducted electronically, in line with Regulation 26 of the Insolvency and Bankruptcy Board of India (IBBI) regulations. A minimum voting percentage of 51% was necessary for the resolution to pass, and JAL's creditors far exceeded this requirement, demonstrating significant consensus among stakeholders. The resolution's approval is a pivotal step toward advancing the CIRP, which aims to facilitate the restructuring of the company's debts and operations amidst its financial challenges.

Bhuvan Madan, the Resolution Professional for Jaiprakash Associates, communicated this development in a letter to the BSE Limited and the National Stock Exchange of India Ltd on November 1, 2025. This approval marks an important milestone in the company's ongoing efforts to stabilize its financial standing and explore viable options for recovery. The resolution process will continue to unfold as JAL navigates the complexities of its insolvency challenges, with stakeholders keenly monitoring the progress.