Ansal Properties & Infrastructure Limited has informed the Exchange about the Intimation for the updated List of Creditors as on 26th May, 2025 of Ansal Properties and Infrastructure Limited.
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Awaiting price reaction for this filing.
Ansal Properties & Infrastructure has submitted the fourth version of its creditor list as of 26 May 2025, following the commencement of its Corporate Insolvency Resolution Process (CIRP) by NCLT New Delhi on 25 February 2025. The list covers 7,377 claims received in total, of which 5,266 claims worth around Rs 2,154 crore have been admitted, while a large portion of the claimed amount (driven mainly by government dues of about Rs 9,052 crore) remains unverified or not admitted. Homebuyers/allottees are the largest category with 5,392 claims, of which only 3,520 have been admitted, and admitted amounts are based on actual bank receipts reflected in company records. The Resolution Professional has flagged major delays in verification caused by ongoing Income Tax searches, Enforcement Directorate raids, sealing of the Lucknow record room, loss of email data, and an incomplete ERP transition. Admitted amounts are provisional and subject to change based on further verification, forensic audit findings, and orders from NCLT or higher courts.
For shareholders, this is a deeply negative filing - the company remains under insolvency with massive claims (especially government dues) still pending verification, and equity holders are likely to face near-total loss in any resolution plan. Homebuyers and depositors will be watching closely as their admitted amounts are mostly small fractions of what they originally paid, and final recoveries will depend on the eventual CIRP resolution plan approved by the Committee of Creditors and NCLT.