The Company has informed the Stock exchanges about the Prior intimation 52nd Meeting of the Committee of Creditors for Fernhill project of Ansal Properties and Infrastructure Limited (APIL), situated at District Gurgaon, Haryana, to be held on the 20th May, 2026.
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Ansal Properties & Infrastructure Limited has informed exchanges about the 52nd Committee of Creditors meeting for its Fernhill project in Gurgaon, Haryana, scheduled for 20th May, 2026. The company was admitted into Corporate Insolvency Resolution Process (CIRP) by NCLT on 16th November, 2022, and the process was confined to the Fernhill project by NCLAT on 13th January, 2023. Separately, the CIRP for Lucknow and Rajasthan projects has been confined to those projects under a settlement agreement with IL&FS Financial Services, managed by Resolution Professional Shri Navneet Kumar Gupta. The Serene Residency project in Greater Noida also has an approved resolution plan (NCLT order 6th October, 2025), while the Fernhill project continues under Resolution Professional Shri Jalesh Kumar Grover.
The ongoing CIRP for the Fernhill project indicates continued financial distress, and the outcome of this CoC meeting could influence the resolution timeline for this specific asset, affecting stakeholders' recovery prospects.