Ansal Properties & Infrastructure Limited has informed the Stock Exchange about appointment of Shri Navneet Kumar Gupta, Interim Resolution Professional as Resolution Professional at the second meeting of committee of creditors of the Company held on the 11th April, 2025 (Voting concluded on 28th April 2025).
ANSALAPI · price
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Ansal Properties & Infrastructure has informed the stock exchange that Shri Navneet Kumar Gupta, the Interim Resolution Professional (IRP), has been confirmed as the Resolution Professional (RP) of the company. This decision was taken at the second meeting of the Committee of Creditors (CoC) held on April 11, 2025, with voting concluding on April 28, 2025. The appointment of an IRP/RP indicates the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The move from IRP to RP at the second CoC meeting is a standard step in the IBC timeline, where creditors take charge of the resolution process.
This is negative for existing shareholders — confirmation of an RP means the company is firmly in insolvency proceedings, and equity holders typically face significant dilution or total loss of value during the resolution process. Stock may remain volatile and speculative until a resolution plan is approved.