जयप्रकाश एसोसिएट्स शेयर धारकों से फ्रॉड हुआ, उनके पैसे 2004 से 15 percent ब्याज सहित देने की सेबी से मांग।
Mumbai : Jaiprakash Associates Ltd listed at BSE and NSE on 14 June 2004 as per BSE Exchange website. JP Associate shares is now wiped out from Demat account of lacs of share holder. As per BSE Jaiprakash Associates Limited (JAL) equity shares were completely extinguished and delisted from the BSE and NSE on June 18, 2026. This occurred under an insolvency resolution plan approved by the National Company Law Tribunal (NCLT) following the Adani Group's takeover. Roughly 6.4 lakh retail shareholders received zero financial compensation and their investments were wiped out.
Investor
and SEBI activist Sapan Shrivastava made complaint to SEBI to direct adani (New
Boss Of Jaiprakash Associates Ltd ) to
return investors money of JP associates share holders with 15 percent interest
per annum since 2004. As adani group has taken over the company so all
liabilities will be with adani to return money to investors for non compliance
of SEBI law in 2004. Law is very clear for non compliance they have to return
investors money with 15 percent interest PA. Presently paper work is in process
to file case before SEBI Judge mumbai.
If SEBI will not act then case will be filed to register FIR
with SEBI to start proceeding with adani group.
Other Investors can join hands for recovery by calling
9702859636
As on : 19-08-2026 09:33
SebiWorkflow
Registration Number
SEBIE/MH26/THAN/039647/1
Complainant Name
Sapan Shrivastava
Complainant Contact number 9702859636
Complainant Address
D 102 Natraj Darshan,Ganesh Nagar Chowk Thane 421202
Complainant Pincode
421202
Complainant State
Maharashtra
Category Name
Listed Company- Equity Issue
(Dividend/Transfer/Transmission/Duplicate Shares/Bonus Shares etc.)
Nature Of Grievance
Others
Date Of Receipt 19-08-2026
Complaint Against Jaiprakash Associates Ltd
Supporting Docs
Complaint Details
Why Shares Were Extinguished
- Insolvency Process: The National Company Law Tribunal (NCLT) approved a resolution plan under the Insolvency and Bankruptcy Code (IBC).
- Adani Acquisition: The Adani Group took over the debt-laden company through a multi-crore resolution plan.
- Value Becomes Zero: The existing capital structure was wiped clean, rendering shares invalid for trading or holding value.
- Delisting Execution: Trading on both major Indian stock exchanges stopped permanently on June 18, 2026