Ansal Properties & Infrastructure Limited has informed the Stock Exchanges about the minutes of Thirty Eighth (38th) meeting of the committee of creditors (COC) of Fernhill Project of Ansal Properties and Infrastructure Limited (company) situated at District Gurgaon, Haryana, held on the 09th June, 2025.
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Ansal Properties & Infrastructure informed the exchanges about the minutes of the 38th CoC meeting for its Fernhill Project in Gurgaon, held on June 9, 2025, under the ongoing Corporate Insolvency Resolution Process (CIRP). The meeting was chaired by Resolution Professional Jalesh Kumar Grover, with around 74 homebuyers attending virtually. Key updates included: all pending litigations have been adjourned to July 11, 2025; settlement talks with Samyak Projects continue with Rs 37.5 crore frozen, but the MoU terms remain undecided; the SRA has sought two more weeks to submit the structural audit report for retrofitting; and avoidance applications (PUFE) cover Rs 0.47 crore in preferential transactions and Rs 84.70 crore in fraudulent transactions. A recent NCLT order in the Section 7 application by homebuyers against Samyak confirmed the land belongs to the Fernhill project, with Samyak entitled to a fair share of any additional price.
For shareholders, the insolvency process is still active and a final resolution plan is yet to be approved by NCLT. Progress hinges on finalizing the Samyak settlement and completing the structural audit, meaning continued delays and uncertainty for the stock in the near term.