Ansal Properties & Infrastructure Limited — Others, 26-12-2024: Corporate Insolvency Resolution Process

The sixteenth Committee of Creditors (CoC) meeting for Ansal Properties and Infrastructure's Sushant Serene Residency was held via video conferencing. The meeting confirmed the quorate status and reviewed the minutes from the fifteenth meeting, noting no objections. Updates on legal proceedings included the filing and response timeline for the Resolution Plan with the NCLT. Notably, progress on project operations was reported, with road construction nearing completion and ongoing work in Tower-5. Homebuyers expressed concerns about interim finance, to which Indian Bank representatives assured pending release. Investor sentiment may remain cautious but with a positive outlook on project advancements.