Announced Fri, 17 Jul · 15:51 IST
NCLT approves resolution plan for subsidiary Ansal Crown Infrabuild
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹75.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.3+2.7+2.7+3.3+1.3—————
Up moveDown movePending
AI summary
NCLT New Delhi approved the resolution plan for subsidiary Ansal Crown Infrabuild Pvt Ltd submitted by Nanu Ram Goyal and Co. Plan value is Rs 321.33 crore. CoC approved with 98.52 percent voting. The plan covers completion of an existing real estate project with phases spread over about 4 years. It provides around 45.55 percent recovery to unsecured financial creditors including homebuyers.
Likely market impact
Removes insolvency uncertainty over subsidiary. Positive for completion of stuck real estate project, with partial recovery for homebuyers.