Ansal Properties & Infrastructure Limited — Others, 26-10-2024: Corporate Insolvency Resolution Process

The Committee of Creditors (CoC) meeting for Ansal Properties & Infrastructure Limited (Fernhill Project) addressed ongoing litigations, the status of a structural audit, and the reconstitution of the CoC. The Resolution Professional presented updates on negotiations with Samyak Projects for settlement. Various proposals for structural audits were reviewed, including fees for testing. Homebuyers will select representatives for negotiations, and key resolutions were passed for the replacement of the Authorized Representative and voting protocols.