The Company has informed the stock exchange that the 47th meeting of committee of creditors of Fernhill Project of the Company, situated at District Gurugram is scheduled to be held on the 30th December, 2025.
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Ansal Properties & Infrastructure has informed the stock exchange that the 47th meeting of the Committee of Creditors (CoC) for its Fernhill Project in Gurugram will be held on December 30, 2025. The CoC operates under the Insolvency and Bankruptcy Code (IBC) framework, meaning this project is currently undergoing a formal insolvency resolution process. The fact that this is the 47th meeting indicates that the resolution process for this specific project has been prolonged over an extended period. The Fernhill Project is one of the company's real estate developments in Gurugram.
For shareholders, this confirms that the Fernhill Project remains under the IBC insolvency framework with no resolution yet in sight, which could further delay any recovery of value from this project. The ongoing creditor proceedings add to the company's existing financial and operational stress, and resolution timelines under IBC are typically binding, so any outcome from this meeting could affect the company's asset base and overall financial position.