NCLT approves resolution plan for Ansal API Fernhill Project
ANSALAPI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NCLT New Delhi approved the resolution plan for Ansal Properties Fernhill Project in Gurgaon on 24 July 2026. Krish Infrastructure Pvt Ltd, chosen by CoC with 100 percent votes, will infuse Rs 20 crore for construction. Unsecured financial creditors to receive 100 percent principal plus 30 percent interest. Total proposal Rs 300 crore. Project completion targeted in 12 to 42 months from implementation date with 6 month grace. CIRP confined only to Fernhill project.
New resolution applicant Krish Infrastructure will revive stalled Fernhill housing project. Existing equity may face dilution. Construction target 42 months.