Ansal Properties & Infrastructure Limited — Others, 01-05-2025: Corporate Insolvency Resolution Process

Ansal Properties and Infrastructure Limited is currently in Corporate Insolvency Resolution Process (CIRP) overseen by Resolution Professionals. The Committee of Creditors approved expenses incurred so far and confirmed the Interim Resolution Professional’s appointment and fees. They also approved engaging Minerva Resolutions LLP for support services. Although the budget for CIRP costs was deferred, the CoC approved issuing an Expression of Interest for resolution despite a temporary legal hurdle. Operational, legal, and project updates were reviewed, reflecting ongoing efforts to manage the company’s restructuring and recovery.