Ansal Properties & Infrastructure Limited — Others, 11-06-2025: Corporate Insolvency Resolution Process

Ansal Properties and Infrastructure Limited’s Fernhill Project in Gurugram is under Corporate Insolvency Resolution Process, overseen by Resolution Professional Jalesh Kumar Grover. The 38th Committee of Creditors meeting included 74 homebuyers and key creditors. Litigation with Samyak Projects Pvt. Ltd. remains adjourned as settlement talks continue, with Rs. 37.5 Cr frozen linked to these discussions. Delays in the structural audit report persist due to high fees. Recovery efforts are underway targeting about Rs. 85.17 Cr allegedly misused in the project. The RP stressed that construction and payments depend on CoC-approved settlements to protect homebuyers and avoid defaults.