Ansal Properties & Infrastructure Limited has informed the Stock Exchanges that 37th Meeting of Committee of Creditors ( COC ) of Fernhill Project of Ansal Properties and Infrastructure Limited (Company) situated at Gurugram, Haryana was held on the 10TH May, 2025 from 12:35 P.M onwards to discuss/ note/ approve the agenda items.
ANSALAPI · price
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Awaiting price reaction for this filing.
Ansal Properties & Infrastructure informed stock exchanges that the 37th Committee of Creditors (COC) meeting for its Fernhill Project in Gurugram was held on 10th May 2025. The meeting covered routine agenda items such as confirming previous minutes, updating on ongoing litigations, the status of discussions with Samyak Projects Private Limited, and the structural audit report. The Fernhill Project has been under the Corporate Insolvency Resolution Process (CIRP) since 13th January 2023 when the NCLAT admitted a Section 7 application. Separately, the company itself is also under CIRP — admitted by the NCLT New Delhi on 25th February 2025 — with Shri Navneet Kumar Gupta as its Resolution Professional, while Shri Jalesh Kumar Grover is the Resolution Professional specifically for the Fernhill Project. Another project, Serene Residency in Greater Noida, is also under insolvency management.
This is a procedural filing from an already insolvent company and project, with no resolution plan approval. For shareholders, this signals continued financial distress and prolonged uncertainty, with no near-term clarity on recovery or revival.