Intelligence note
Intelligence note for this case is being prepared.
◆ Flagged as the dominant case of the quarter — 78.18% of resolved claims.
Case timeline
03 Jun 2024
CIRP commenced
Insolvency proceedings began · NCLT Allahabad
09 Feb 2025
EoI invited
RP: Mr. Bhuvan Madan
11 Mar 2025
EoI invited
RP: Mr. Bhuvan Madan
1 year 9 months elapsed · admission → resolution
17 Mar 2026
Resolution plan approved
Haircut 76.77%
Case details
CIN
L14106UP1995PLC019017
Incorporated
1995
Registered State
UP
NCLT Bench
Allahabad
Initiated by
FC — ICICI Bank Limited
Defunct / BIFR
data unavailable
Commencement
03 Jun 2024
Outcome Date
17 Mar 2026
Admitted Claims
₹60,636.82 Cr
Liquidation Value
₹15,799.00 Cr
Fair Value
₹19,234.00 Cr
Realisable Amount
₹14,084.20 Cr
Recovery vs Claims
23.23%
Recovery vs LV
89.15%
Company
Legal name
JAIPRAKASH ASSOCIATES LIMITED
Type
Public · Company limited by shares
Listing
Listed
Incorporated
15 Nov 1995
Authorised capital
₹7,000 Cr
Paid-up capital
₹491.92 Cr
Industry (MCA)
Mining and Quarrying
ROC
ROC Kanpur
Company status
Active — company survived resolution
Registered address
SECTOR 128, NOIDA,UP,Uttar Pradesh,201304-India
Source: MCA Company / LLP Master Data — registry snapshot; figures are as on the stated date, not live.
Committee of creditors
CoC composition not yet recorded for this case. Sourced from NCLT filings — added over time.
This case vs Mining
Haircut — 76.8%6.2 pts worse
sector avg 70.6% · 13 resolutions
Rec vs LV — 89.2%-51.8 pts
sector avg 140.9%
Duration — 652d27d slower
sector avg 625d
Size rank in sector#1 of 13
Computed live across stressed.in's IBBI universe — every recorded Mining outcome of this type.
Key parties
Resolution Professional
IRP at commencement
Bhuvan Madan → · Jun 2024
CIRP initiated by
ICICI Bank Limited FC
Resolution applicant
Not yet recorded — from NCLT resolution-plan order.
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