Ansal Properties & Infrastructure Limited — Others, 30-12-2024: Corporate Insolvency Resolution Process

The Committee of Creditors (CoC) for M/s Ansal Properties & Infrastructure Limited (Fernhill Project, Gurugram) held its thirty-third meeting to discuss the ongoing insolvency resolution process. The Resolution Professional, Mr. Jalesh Kumar Grover, confirmed the meeting's quorum and reported that over 38 homebuyers participated virtually. Key discussions included the appointment of representatives to negotiate with Samyak Projects Private Limited and the initiation of a structural audit of the Fernhill project site. Additionally, there was an update on ongoing litigations affecting the project, with several cases adjourned until January 2025. This proactive engagement may foster a positive outlook among investors as the resolution progresses, although lingering litigation remains a concern.