Ansal Properties & Infrastructure Limited informed the Exchange about the summary of the minutes for Twenty- Second meeting of committee of creditors of Serene Residency Group Housing Project of Ansal Properties and Infrastructure Limited situated at Sector ETA II, Greater Noida, Uttar Pradesh, held on the 30th June, 2025.
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Ansal Properties & Infrastructure Limited shared the minutes of the 22nd meeting of the Committee of Creditors for its Serene Residency Group Housing Project in Greater Noida, held on 30th June 2025. The project has been undergoing the Corporate Insolvency Resolution Process (CIRP) since October 2023 under an NCLT order, and is being managed by Resolution Professional Navneet Kumar Gupta. The meeting covered routine items including quorum confirmation, noting of the previous meeting's minutes, updates on legal cases, reverification of a claim by Zapstar following an NCLT order dated 12th June 2025, and the project's operational status. All agenda items were noted or discussed and noted, with no major decisions announced. Notably, APIL itself is also in CIRP at the corporate level, appointed via an NCLT order dated 25th February 2025.
This is a routine procedural update from an already insolvent project and company. There is no new material development for shareholders; the stock remains under stress given the ongoing CIRP at both the project and corporate level with no resolution plan approved yet.