Ansal Properties & Infrastructure Limited has informed the Stock Exchange about the updated list of creditors as on 16th April, 2025 of Ansal Properties and Infrastructure Limited.
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Awaiting price reaction for this filing.
Ansal Properties & Infrastructure has submitted an updated list of creditors to the stock exchanges as part of its ongoing Corporate Insolvency Resolution Process (CIRP), which was initiated by the NCLT New Delhi Bench on 25 February 2025. The Resolution Professional, Shri Navneet Kumar Gupta, received 4,221 claims totaling approximately INR 109.12 billion, of which only 2,284 claims worth INR 15.47 billion were admitted, with the rest either rejected or under verification. Secured financial creditors hold the largest share of admitted claims at about 43% (INR 6.66 billion), while homebuyers and allottees, numbering 4,093 claims worth INR 19.27 billion, had only INR 4.84 billion admitted (around 31%). Government dues claims of INR 68.65 billion saw less than 2% admitted. The detailed list is also available on the company's website.
This filing confirms that the company remains deep in insolvency proceedings, with the Resolution Professional in control rather than the original management. For shareholders, this is negative news as existing equity is likely to be diluted or wiped out once a resolution plan is approved. Creditors, especially homebuyers who form the bulk of claimants, face uncertain recovery given that only a fraction of their claims have been admitted.