<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-09-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Corporate_Insolvency_Resolution_Process/2023-09-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Corporate_Insolvency_Resolution_Process/2023-09-30/in-capmkt-roles" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2023-09-30/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef 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scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">532532</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-03-17</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessAxis">in-capmkt:PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditorsMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NameOfTheCompany contextRef="MainI">JAIPRAKASH ASSOCIATES LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">JPASSOCIAT</in-capmkt:NSESymbol><in-capmkt:ScripCode contextRef="MainI">532532</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE455F01025</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfCorporateInsolvencyResolutionProcessEvent contextRef="CorporateInsolvencyResolutionProcessEvent1D">Prior or Post-facto intimation of the meetings of Committee of Creditors</in-capmkt:TypeOfCorporateInsolvencyResolutionProcessEvent><in-capmkt:DateOfReport contextRef="MainI">2025-03-17</in-capmkt:DateOfReport><in-capmkt:TypeOfSubEventOfPriorOrPostFactoIntimation contextRef="PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_D">Prior Intimation</in-capmkt:TypeOfSubEventOfPriorOrPostFactoIntimation><in-capmkt:DateOfMeetingsOfCommitteeOfCreditors contextRef="PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_I">2025-03-17</in-capmkt:DateOfMeetingsOfCommitteeOfCreditors><in-capmkt:NumberOfCommitteeOfCreditors contextRef="PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_I" decimals="0" unitRef="pure">10</in-capmkt:NumberOfCommitteeOfCreditors><in-capmkt:AgendaItem contextRef="I_PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_Agenda_1">To ratify the extension of timeline of expression of interest</in-capmkt:AgendaItem><in-capmkt:DescriptionOfTheItem contextRef="I_PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_Agenda_1">To ratify the extension of timeline of expression of interest till 25 March 2025 in terms of Regulation 36B of the CIRP Regulations.</in-capmkt:DescriptionOfTheItem><in-capmkt:AgendaItem contextRef="I_PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_Agenda_2">To consider and approve the reduction in time of notice period from 3 days (as resolved by the CoC in its 1st CoC meeting dated June 28, 2024) to 2 days.</in-capmkt:AgendaItem><in-capmkt:DescriptionOfTheItem contextRef="I_PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_Agenda_2">To consider and approve the reduction in time of notice period from 3 days (as resolved by the CoC in its 1st CoC meeting dated June 28, 2024) to 2 days, as per Regulation 19 (2) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons), 2016 for convening the meeting of Committee of Creditors.</in-capmkt:DescriptionOfTheItem><in-capmkt:AgendaItem contextRef="I_PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_Agenda_3">ANY OTHER MATTER</in-capmkt:AgendaItem><in-capmkt:DescriptionOfTheItem contextRef="I_PriorOrPostFactoIntimationOfTheMeetingsOfCommitteeOfCreditors_Agenda_3">ANY OTHER MATTER WITH THE PERMISSION OF THE CHAIR
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