Ansal Properties & Infrastructure Limited has informed the Stock Exchanges about the Outcome / Voting results of the 39th Meeting of Committee of Creditors ( COC ) of Fernhill Project of Ansal Properties and Infrastructure Limited (the Company) situated at Gurugram, Haryana, held on 07th July, 2025.
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Awaiting price reaction for this filing.
Ansal Properties & Infrastructure (APIL) informed exchanges about the outcome of the 39th CoC meeting held on 7 July 2025 for its Fernhill Project in Gurugram. The only agenda item — seeking approval to file an application against M/s Samyak Projects Private Limited in line with an NCLT order dated 6 June 2025 — was approved by the CoC. The filing relates to a Company Petition (CP(IB)-317/(PB)/2024) at the NCLT New Delhi Bench. APIL is currently under the Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, with the insolvency originally admitted on 16 November 2022 and later confined to the Fernhill Project by an NCLAT order dated 13 January 2023. Navneet Kumar Gupta is the Resolution Professional for the company, while Jalesh Kumar Grover handles the Fernhill Project specifically.
Routine insolvency-process update with no immediate material impact on shareholders; however, it signals continued legal activity in the ongoing CIRP and potential recovery-related litigation against a third party (Samyak Projects) that could affect timelines for any future resolution plan.