ANSALAPINSEAnsal Properties & Infrastructure Limited· ConstructionMediumNeutral
Announced Thu, 19 Mar · 16:20 IST

The Company has informed the stock exchange that the 50th meeting of Committee of Creditor of "Fernhill Project" of the Company, situated at District Gurgaon, Haryana is scheduled to be held on the 23rd March, 2026.

Nclt Insolvency AdmittedNclt Resolution ApprovedRegulatory & Legal View source PDF

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₹3.33
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AI summary

Ansal Properties & Infrastructure (APIL) has informed exchanges that the 50th meeting of the Committee of Creditors (CoC) for its 'Fernhill Project' in Gurgaon, Haryana, is scheduled for 23rd March 2026. The project is under the Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, originally admitted via NCLT order on 16th November 2022, with the NCLAT on 13th January 2023 confining the proceedings to this project. The project is being managed by Resolution Professional Shri Jalesh Kumar Grover. Separately, a 7th January 2026 NCLAT order has confined the main CIRP proceedings to APIL's Lucknow and Rajasthan projects, while the Serene Residency project in Greater Noida had its resolution plan approved by NCLT on 6th October 2025.

Likely market impact

This is a routine procedural update, but it underscores that the Fernhill Project remains stuck in a prolonged insolvency process, now into its 50th CoC meeting — a sign of slow resolution and continued uncertainty for homebuyers and shareholders. The piecemeal nature of APIL's insolvency across different projects suggests no single comprehensive revival is in sight.