Ansal Properties & Infrastructure Limited has informed the stock exchange that the 42nd Meeting of the Committee of Creditors for Fernhill project of Ansal Properties and Infrastructure Limited, situated at District Gurgaon, Haryana, is scheduled to be held on the 24th day of September, 2025.
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Ansal Properties & Infrastructure Limited (APIL) has informed the stock exchanges that the 42nd meeting of the Committee of Creditors for its 'Fernhill project' in Gurgaon, Haryana will be held on 24 September 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, after being admitted by the NCLT on 16 November 2022. An NCLAT order dated 13 January 2023 narrowed the insolvency proceedings to only the Fernhill project, while APIL's other projects (like Serene Residency in Greater Noida) are being handled separately. The affairs of APIL are being managed by the Interim Resolution Professional, now designated as Resolution Professional, Shri Navneet Kumar Gupta, while the Fernhill project specifically is managed by Shri Jalesh Kumar Grover. The fact that this is the 42nd CoC meeting signals that the resolution process has been drawn out over a long period.
Shareholders remain in limbo as the company continues to languish under a prolonged insolvency process with no resolution plan yet approved. The 42nd CoC meeting indicates ongoing but unresolved restructuring, which means continued uncertainty for equity holders and likely minimal prospects of recovery for shareholders.