The Company has informed the stock exchanges about the minutes of the 50th meeting of the Committee of creditors of Fernhill project of the Company, situated at District Gurgaon, held on the 23rd March, 2026.
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Ansal Properties & Infrastructure (APIL) has shared the minutes of the 50th Committee of Creditors (CoC) meeting for its Fernhill project in Gurgaon, held on 23rd March 2026. The company is in Corporate Insolvency Resolution Process (CIRP) for this project, with Mr. Jalesh Kumar Grover as the Resolution Professional. The meeting was attended by the home buyers' authorised representative (holding 99.96% voting rights) who approved the previous minutes and discussed the status of 21 pending litigations, most of which are now listed for hearing on 27th March 2026. The CoC also considered ratification of CIRP expenses of Rs. 1,85,740 incurred between 16 Jan and 15 Mar 2026, and approval of Rs. 70,800 in fees for the home buyers' representative.
The Fernhill project's resolution plan (filed by Krish Infrastructure as Successful Resolution Applicant) is still awaiting NCLT approval, keeping the stock in limbo. Investors should track the 27th March 2026 NCLT hearing closely, as approval of the resolution plan is the key catalyst for unlocking value for both home buyers and shareholders.