Ansal Properties & Infrastructure Limited has informed the Exchange about the minutes of the 49th meeting of committee of creditors of 'Fernhill Project' of the Company situated at District Gurgaon, Haryana, held on the 25th February, 2026.
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Ansal Properties & Infrastructure informed exchanges about the minutes of the 49th Committee of Creditors (CoC) meeting for its Fernhill Project in Gurgaon, held on 25th February 2026. The project remains under Corporate Insolvency Resolution Process (CIRP), originally admitted by NCLT on 16 November 2022 and later confined to the Fernhill project by NCLAT on 13 January 2023. The CoC approved the appointment of Mr. Chimman Singh as site manager at Rs 60,000 per month plus Rs 21,000 in accommodation expenses, and ratified CIRP expenses of Rs 99,572 incurred between 1 December 2025 and 15 January 2026, both passed with 100% voting in favour. The Resolution Professional Mr. Jalesh Kumar Grover updated the CoC on 16 ongoing litigations at NCLT Delhi Bench and other courts, all adjourned to 2 March 2026, with NCLT directing no further adjournments. The Resolution Plan (filed under Section 30(6)) and a related application seeking possession for non-RERA allottees are also pending hearings.
For retail shareholders, the stock remains affected by the ongoing insolvency process. The hearing on 2 March 2026 for the Resolution Plan approval is a key milestone, as approval by NCLT could set the stage for revival, while further delays or rejections would prolong uncertainty. The insolvency is now confined to specific projects (Fernhill in Gurgaon, plus Lucknow and Rajasthan), so other company assets are not under CIRP.