Ansal Properties & Infrastructure Limited has informed the stoc exchange that 39th meeting of committee of creditors for Fernhill project of Ansal Properties and Infrastructure Limited, situated at District Gurgaon, Haryana, is scheduled to be held on the 07th July, 2025.
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Ansal Properties & Infrastructure Limited (APIL) has informed the stock exchanges that the 39th meeting of the Committee of Creditors (CoC) for its Fernhill project in Gurgaon, Haryana is scheduled for July 7, 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, originally admitted by NCLT on November 16, 2022. However, an NCLAT order dated January 13, 2023 restricted the insolvency proceedings to only the Fernhill project. The Fernhill project is separately managed by Resolution Professional Shri Jalesh Kumar Grover, while the overall company is managed by RP Shri Navneet Kumar Gupta. This is the 39th CoC meeting, indicating that the resolution process for Fernhill has been prolonged.
Shareholders should note that APIL's insolvency proceedings for the Fernhill project remain ongoing after nearly three years, with no resolution plan yet approved. The prolonged CIRP and the large number of CoC meetings suggest delays in finding a resolution, which continues to keep the stock under stress and limits any near-term recovery in share price.