Ansal Properties & Infrastructure Limited has informed the Exchanges that the 40th 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 06th day of August, 2025.
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Ansal Properties & Infrastructure has informed the exchanges that the 40th meeting of the Committee of Creditors for its Fernhill project in Gurgaon, Haryana, will be held on August 6, 2025. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, after the NCLT admitted a Section 7 application on November 16, 2022. The NCLAT later modified this order on January 13, 2023, restricting the insolvency proceedings to only the Fernhill project rather than the entire company. The Fernhill project is currently managed by Resolution Professional Shri Jalesh Kumar Grover, while another project (Serene Residency in Greater Noida) is managed by Shri Navneet Kumar Gupta. This is a routine intimation regarding the ongoing insolvency process for the Fernhill project.
For shareholders, this is a procedural update with no immediate positive or negative impact on the stock price. The continuation of repeated CoC meetings (40th meeting) suggests the resolution process for the Fernhill project is still ongoing without a final resolution plan approved yet, which keeps uncertainty around the project's future and the company's broader recovery prospects.