Ansal Properties & Infrastructure Limited has informed the Exchange about the outcome/ voting results of the 35th meeting of Committee of Creditors of Fernhill Project of the Company held on 10th March, 2025.
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Ansal Properties & Infrastructure has disclosed the voting results of the 35th meeting of the Committee of Creditors (CoC) for its Fernhill Project held on 10 March 2025. A CoC is set up under the Insolvency and Bankruptcy Code (IBC) once insolvency proceedings are admitted by the NCLT. The fact that this is the 35th such meeting indicates that the insolvency resolution process for the Fernhill Project has been ongoing for a long period and is still unresolved. The specific outcome of the voting has not been detailed in this headline. This relates only to the Fernhill Project, not the company's overall operations.
For retail shareholders, this is a negative signal — the prolonged insolvency process (35 meetings) for the Fernhill Project points to difficulty in achieving a timely resolution and may delay recovery for creditors and project stakeholders. This adds to the company's existing insolvency-related overhang but does not directly clarify the path forward without the detailed voting outcome.