Ansal Properties & Infrastructure Limited has informed the Exchange about Voting Results/Outcome of the Fourth (04th) Meeting of Committee of Creditors of Ansal Properties and Infrastructure Limited, held on the 20th June, 2025.
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Ansal Properties & Infrastructure Limited shared the voting outcomes of its 4th Committee of Creditors (CoC) meeting held on 20th June 2025, with voting concluding on 18th July 2025. The company is undergoing Corporate Insolvency Resolution Process (CIRP) since 25th February 2025, initiated by NCLT New Delhi. Key items approved include monthly CIRP cost budget, appointment of a facilitator for homebuyers, authorisation for employees to facilitate property transfers, ratification of statutory auditor fees for FY24-25, and continuation of construction activities as a going concern. The appointment of statutory auditor for FY25-26 and transaction auditor were deferred. The 285-day budgeted CIRP cost was also deferred due to a stay on publication of Form G by NCLAT.
The company remains under insolvency proceedings with no resolution plan approved yet. Shareholders continue to face uncertainty as the CIRP process progresses, though operational continuity (construction activities) was approved to maintain the business as a going concern.