Ansal Properties & Infrastructure Limited has informed the stock exchange about the minutes of the 42nd meeting of Committee of Creditors of the "Fernhill Project" of the Company situated at District Gurgaon, Haryana, held on 24th September, 2025
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The company shared minutes of the 42nd CoC meeting for its Fernhill Project in Gurgaon, which is under Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, chaired by Resolution Professional Mr. Jalesh Kumar Grover. Around 30 homebuyers attended virtually and approved the minutes of the previous (41st) meeting. The RP updated creditors on 33 ongoing litigations before the NCLT, most of which were adjourned to October 2025 due to paucity of time. A major concern was Samyak Projects Pvt. Ltd.'s interference in fit-out/construction work at the project site, prompting the RP to file police complaints and NCLT applications seeking directions. The NCLT bench has warned it may initiate suo motu contempt proceedings against Samyak if obstruction continues. The ratification of an advocate's appointment for an HRERA matter was deferred to the next meeting.
The Fernhill Project remains stuck in insolvency with no resolution plan yet approved, meaning continued delays for homebuyers awaiting possession. The escalating conflict with Samyak Projects is a significant obstacle to project revival and could further extend the CIRP timeline. For shareholders, resolution remains distant and any positive outcome depends on successful NCLT intervention to remove Samyak's interference.