Ansal Properties & Infrastructure Limited — Others, 30-11-2024: Corporate Insolvency Resolution Process

The Committee of Creditors (CoC) for M/s Ansal Properties & Infrastructure Ltd. (Fernhill Project, Gurugram) held its 32nd meeting virtually. Mr. Jalesh Kumar Grover chaired the session, confirming the presence of a quorum. Key discussions included endorsing the appointment of NNC Design International as the structural auditor for ₹8.57 crore and ratifying expenses incurred during the Corporate Insolvency Resolution Process (CIRP) amounting to ₹6.48 lakh. Additionally, the Committee deliberated on renewing a performance bank guarantee from the Successful Resolution Applicant, Krish Infrastructure Private Limited. This renewal is pivotal for ensuring adherence to the resolution plan, safeguarding creditor interests, and fostering constructive negotiations with key stakeholders like Samyak Projects Pvt. Ltd. Overall, this meeting reflects ongoing efforts to secure resolution strategies, enhancing positive outlook among investors.