Ansal Properties & Infrastructure Limited has informed the Exchange about the summary of the minutes for fourth (04th) Meeting of Committee of Creditors ("COC") of Ansal Properties and Infrastructure Limited (Company) held on the 20th June, 2025.
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Ansal Properties & Infrastructure is currently under the Corporate Insolvency Resolution Process (CIRP) that started on 25th February 2025, ordered by NCLT New Delhi. The company's affairs are being managed by Resolution Professional Navneet Kumar Gupta. The 4th CoC meeting was held on 20th June 2025, where members discussed the 285-day CIRP cost budget, appointment of a facilitator for homebuyers, and authorization for site employees to handle plot/flat transfers. Approval of Statutory Auditor fees for FY25 and appointment of a Transaction Auditor were deferred. The budgeted CIRP cost was deferred because of a stay from NCLAT on the publication of Form G. Items like construction activities to keep the company running as a going concern were put to vote.
Shareholders should note that the insolvency process is active and ongoing, with construction and operational continuity under consideration. The NCLAT stay on Form G publication may delay the timeline for inviting or finalising a resolution plan, keeping the stock's outcome uncertain.