The Company has informed the stock exchange about the Outcome / Voting Results of the 47th Meeting of the Committee of Creditors of Fernhill Project of the Company, situated at Gurugram, Haryana, held on the 30th December, 2025.
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The 47th meeting of the Committee of Creditors (COC) for Ansal Properties' Fernhill Project in Gurugram was held on December 30, 2025, with voting ending on January 5, 2026. The COC approved the modified resolution plan dated December 24, 2025, submitted by M/s Krish Infrastructure Pvt. Ltd., along with its addendums. The Resolution Professional (Shri Jalesh Kumar Grover) has been authorised to file an application under Section 31 of the IBC with the NCLT (Adjudicating Authority) for final approval of the plan. The Fernhill Project has been under CIRP since November 2022, and the NCLAT in January 2023 confined the insolvency proceedings to this project specifically. Separately, the Serene Residency Project in Greater Noida had its resolution plan approved by the NCLT on October 6, 2025.
This is a positive step towards the revival of the stalled Fernhill Project, offering hope to homebuyers and creditors, but final relief depends on NCLT approval under Section 31. The parent company APIL itself remains under CIRP, so the stock remains a high-risk, insolvency-driven investment until a resolution plan is fully sanctioned.