Ansal Properties & Infrastructure Limited has informed the Stock Exchanges that 37th 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 10th day of May, 2025.
ANSALAPI · price
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Ansal Properties & Infrastructure has informed exchanges that the 37th meeting of the Committee of Creditors for its Fernhill project in Gurgaon, Haryana is scheduled for 10th May 2025. The project is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, after the NCLAT admitted a Section 7 application in January 2023. The Fernhill project is managed separately by Resolution Professional Shri Jalesh Kumar Grover, while the overall company is handled by RP Shri Navneet Kumar Gupta. The Serene Residency project in Greater Noida is also under parallel insolvency proceedings. This is a routine intimation of a CoC meeting, part of an ongoing insolvency process that has been running for over two years.
This is a procedural update, not a new development, so expect little immediate price reaction. However, the prolonged CIRP for multiple projects signals continued financial distress and significant risk for existing equity shareholders, whose stakes are likely to be heavily diluted or extinguished once a resolution plan is approved.