Ansal Properties and Infrastructure Limited informed the stock exchanges about the minutes of Thirty-Ninth meeting of the committee of creditors of Fernhill Project of Ansal Properties and Infrastructure Limited situated at District Gurgaon, Haryana, held on the 07th July, 2025.
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Awaiting price reaction for this filing.
Ansal Properties has shared the minutes of the 39th meeting of the Committee of Creditors (CoC) for its Fernhill Project in Gurgaon, held on July 7, 2025. The company has been under Corporate Insolvency Resolution Process (CIRP) since November 2022 (NCLAT order in January 2023 confined the process to the Fernhill Project). About 62 homebuyers attended the meeting virtually. The CoC approved (via e-voting) the Resolution Professional filing an application before NCLT to expand the scope of CIRP to include Samyak Projects Private Limited, following the NCLT's June 6, 2025 order confirming the land in the Builder Buyer Agreement belongs to the Fernhill Project. Key updates included: a work order of Rs. 3,00,000 issued to a structural auditor for retrofitting estimate (50% advance paid, report expected in 10-15 days), and 26 ongoing litigations adjourned to the next hearing on July 11, 2025. The Successful Resolution Applicant remains Krish Infrastructure Private Limited.
For shareholders and homebuyers, the filing shows the insolvency process is moving forward but slowly — over 39 CoC meetings since 2022 with no final resolution plan approval yet. The move to bring Samyak Projects into the CIRP net could help consolidate the project's land rights and speed up delivery, but ongoing delays and unresolved litigations continue to keep the stock highly speculative. No material new positive development for equity holders; resolution remains pending NCLT approval.