The Company informed the stock exchanges that 38th Meeting of the Committee of Creditors for Fernhill project of Ansal Properties and Infrastructure Limited situated at District Gurgaon, Haryana is scheduled to be held on 09th day of June, 2025.
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Ansal Properties & Infrastructure has informed the stock exchanges that the 38th meeting of the Committee of Creditors for its Fernhill project in Gurgaon, Haryana is scheduled for 9th June 2025. The company is already under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, having been originally admitted by the NCLT on 16 November 2022, with the process later confined to just the Fernhill project by an NCLAT order dated 13 January 2023. The Fernhill project is currently managed by Resolution Professional Shri Jalesh Kumar Grover, while another project (Serene Residency in Greater Noida) is managed by a separate RP. This is a routine procedural intimation regarding the ongoing insolvency process, not a new development.
This is a procedural update with no direct impact on stock price. Shareholders remain in a wait-and-watch position as the insolvency resolution for the Fernhill project drags on through its 38th creditors' meeting. Investors should note that resolution timelines under IBC are uncertain and any favourable resolution plan would be a positive trigger.