Ansal Properties & Infrastructure Limited has informed the stock Exchange that the Twenty-fourth (24th) Meeting of Committee of Creditors for Serene Residency Group Housing Project , of the Company situated at Sector ETA II, Greater Noida, Uttar Pradesh, is scheduled to be held on the 29th August, 2025
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Ansal Properties & Infrastructure Limited (APIL) has informed stock exchanges that the 24th meeting of the Committee of Creditors for its Serene Residency Group Housing Project in Greater Noida, Uttar Pradesh, is scheduled for 29th August 2025. The project is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, following an NCLT order dated 20th October 2023. The project is being managed by Resolution Professional Shri Navneet Kumar Gupta, who also handles the insolvency of the company itself, admitted into CIRP by the NCLT on 25th February 2025.
This is a procedural update confirming the ongoing insolvency process for both the company and the Serene Residency project. Shareholders remain in a challenging position as the company is under resolution, with no clarity yet on a resolution plan; routine CoC meetings indicate continued progress but also prolonged uncertainty for equity holders, who typically have limited recovery in IBC proceedings.