Ansal Properties & Infrastructure Limited — Others, 08-08-2025: Corporate Insolvency Resolution Process

Ansal Properties and Infrastructure's Fernhill Project Committee of Creditors (CoC) held its 40th meeting. Key discussions revolved around ongoing litigations, particularly with Samyak Projects Pvt. Ltd. regarding land and financial settlements. The Resolution Professional (RP) is working to finalize a fair value, noting Samyak's lack of cooperation and an estimated Rs 6.05 Cr payable by them, contrary to Samyak's higher demands. A structural audit for retrofitting is underway, with a fee of 0.03 Cr, of which 0.0162 Cr has been paid. Project construction depends on pending DTCP approvals, expected in 2-3 months. The RP confirmed fortnightly interactions with homebuyers for transparent updates on timelines and unit handovers.