Ansal Properties & Infrastructure Limited has informed the Exchange about the voting results / outcome of the 02nd meeting of the committee of creditors of Ansal Properties and Infrastructure Limited held on 11th April, 2025 (Voting Concluded on 28th April, 2025).
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Ansal Properties & Infrastructure Limited (APIL) is under Corporate Insolvency Resolution Process (CIRP) after the NCLT New Delhi admitted insolvency against the company on 25th February 2025. The 2nd CoC meeting was held on 11th April 2025, with voting concluded on 28th April 2025. Key resolutions passed include ratifying IRP expenses, confirming Mr. Navneet Kumar Gupta as Resolution Professional, and engaging Minerva Resolutions LLP for back-office support. The budgeted CIRP cost for 330 days was deferred to the next meeting. Notably, the Form G (Expression of Interest invitation) was stayed by an NCLAT order dated 25th April 2025, which may delay the resolution process. Concerns of homebuyers and elderly deposit holders were also discussed.
Existing shareholders face significant uncertainty as the company is in active insolvency proceedings with no approved resolution plan yet. The NCLAT stay on Form G adds further delay to potential revival, which is negative for equity holders who are unlikely to recover meaningful value in an insolvency scenario.