Lenders of Jaiprakash Associates have extended the deadline for submission of resolution plan to June 24 on request of prospective bidders.
In a regulatory filing, Jaiprakash Associates Ltd (JAL), which is facing insolvency process, said the Committee of Creditors (CoC) has approved the deadline extension.
In terms of the invitation for expression of interest, the prospective resolution applicants (PRAs) were given a timeline of June 9, 2025 for submission of their resolution plans, the company said.
‘However, consequent upon requests received from several PRAs for extension of the current deadline of June 9, 2025 for submission of resolution plans, the members of the Committee of Creditors of the corporate debtor have approved with the…
