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NCLAT Upholds CIRP for Ansal Properties; Confines Process to Lucknow and Rajasthan Projects
The National Company Law Appellate Tribunal (NCLAT) has upheld the insolvency proceedings against Ansal Properties & Infrastructure Ltd, originally initiated on February 25, 2025. Crucially, the tribunal has restricted the Corporate Insolvency Resolution Process (CIRP) specifically to the company's projects in Lucknow and its assets in Rajasthan. This project-wise resolution approach aims to address defaults while potentially protecting other ongoing developments from a total company-wide freeze. The Lucknow Development Authority (LDA) will be involved to determine if it should complete the projects as per existing development agreements.
Key Highlights
NCLAT upheld the Feb 25, 2025, NCLT order admitting the company into CIRP following a Section 7 application by IL&FS Financial Services.
The CIRP is strictly confined to Lucknow Mother City, Mother City Extension, Golf Plots, and Rajasthan assets in Ajmer, Jodhpur, and Jaipur.
The tribunal directed a project-wise resolution strategy, a specialized approach for real estate companies to prevent total liquidation.
Lucknow Development Authority (LDA) is to be made a party to the process to oversee project completion as per MoUs.
The Serene Residency project in Greater Noida remains separate, having had its own resolution plan approved in October 2025.
💼 Action for Investors
Investors should exercise extreme caution as the company remains under insolvency, which typically results in significant equity dilution or delisting risks. Monitor the project-wise resolution progress and the role of the Lucknow Development Authority for any impact on asset valuations.
Ansal Properties Reports ₹193.67 Crore Loan Default in Q3 FY26 Amid Ongoing Insolvency
Ansal Properties & Infrastructure Limited (APIL) has reported a significant default on its loan obligations for the quarter ended December 31, 2025. The company defaulted on a principal amount of ₹193.67 crore out of a total bank loan outstanding of ₹196.34 crore. APIL is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order in February 2025. The total financial indebtedness of the company, including all debt instruments, stands at ₹282.72 crore.
Key Highlights
Total principal amount in default to banks and financial institutions is ₹193.67 crore.
Total financial indebtedness of the listed entity (principal only) stands at ₹282.72 crore.
The company has been under Corporate Insolvency Resolution Process (CIRP) since February 25, 2025.
Default amount represents over 98% of the total outstanding bank/FI principal of ₹196.34 crore.
Resolution plans for specific projects like Serene Residency have already been approved by NCLT.
💼 Action for Investors
Investors should remain extremely cautious as the company is under insolvency proceedings and has defaulted on almost all bank obligations. Equity holders typically face significant risk of total loss or massive dilution during the CIRP process.
Ansal Properties CoC Approves Resolution Plan for Fernhill Project by Krish Infrastructure
The Committee of Creditors (CoC) for Ansal Properties and Infrastructure Limited's Fernhill Project has approved a modified resolution plan submitted by M/s Krish Infrastructure Pvt. Ltd. The approval was finalized following the 47th CoC meeting held on December 30, 2025, with voting concluding on January 5, 2026. This project-wise insolvency approach follows an NCLAT order, allowing independent resolution for the Gurugram-based project. The Resolution Professional will now seek final approval from the NCLT under Section 31 of the IBC.
Key Highlights
CoC approved the modified resolution plan dated December 24, 2025, submitted by M/s Krish Infrastructure Pvt. Ltd.
The resolution process is project-specific to the 'Fernhill project' in Gurugram as per NCLAT directions.
Resolution Professional authorized to file an application with the Adjudicating Authority for final plan approval.
Follows the successful approval of a resolution plan for the Serene Residency project on October 6, 2025.
💼 Action for Investors
Investors should exercise extreme caution as the company is in CIRP and resolution plans often involve significant equity dilution or write-offs. Monitor NCLT proceedings for the final approval of the plan and its impact on the company's consolidated balance sheet.
Ansal Properties (ANSALAPI) 6th CoC Meeting Discusses Project Delays and RERA Non-Compliance
Ansal Properties & Infrastructure Limited (APIL) continues its Corporate Insolvency Resolution Process (CIRP) following the NCLT order dated February 25, 2025. During the 6th Committee of Creditors (CoC) meeting held on December 30, 2025, the Resolution Professional discussed critical operational hurdles including expired licenses, lack of Occupancy Certificates (OC), and non-compliance with Haryana RERA. While a resolution plan for the Serene Residency project was approved on October 6, 2025, the broader company faces significant legal challenges and pending construction across multiple sites. The CoC is also considering interest waivers for homebuyers due to prolonged project delays.
Key Highlights
Company has been under CIRP since February 25, 2025, under the management of Resolution Professional Navneet Kumar Gupta.
Resolution plan for the Serene Residency Group Housing Project was approved by NCLT on October 6, 2025.
CoC addressed ongoing non-compliance issues with Haryana RERA and pending regulatory actions against Haryana projects.
Discussions held regarding the lack of Occupancy/Completion Certificates (OC/CC) and expired layout plans for various projects.
A CIRP cost audit report was submitted and reviewed during the meeting to track insolvency-related expenses.
💼 Action for Investors
Equity shareholders should remain extremely cautious as the company is in insolvency, which typically results in significant dilution or total loss of equity value. Monitor the NCLT proceedings and the progress of resolution plans for individual projects.
Ansal Properties Updates List of Creditors (v7) Amid Ongoing Insolvency Process
Ansal Properties and Infrastructure Limited (APIL) has released the seventh version of its list of creditors as part of the ongoing Corporate Insolvency Resolution Process (CIRP) initiated in February 2025. The company is currently managed by a Resolution Professional and has faced significant hurdles, including a major loss of employee email data and recent searches by the Income Tax department and Enforcement Directorate. While a resolution plan for the Serene Residency project was approved in October 2025, the broader corporate resolution remains in progress with ongoing claim verifications. Investors should be aware that the company's assets and business are entirely under the control of the NCLT-appointed professional.
Key Highlights
Corporate Insolvency Resolution Process (CIRP) commenced on February 25, 2025, per NCLT order.
Resolution Plan for the Serene Residency Group Housing Project was approved by NCLT on October 6, 2025.
Company reported a major loss of historical data and employee emails shortly after the insolvency start date.
Recent Income Tax and Enforcement Directorate searches have significantly impacted the claim verification timeline.
Updated list of creditors (Version 7) includes claims received up to November 14, 2025, with various homebuyer claims admitted.
💼 Action for Investors
Equity shareholders should exercise extreme caution as insolvency proceedings typically prioritize creditors, often resulting in significant equity dilution or total loss for retail investors. Monitor the progress of the overall resolution plan and NCLT updates for any potential recovery value.
Ansal API: COC Approves Updated Claims List for Fernhill Project Under CIRP
Ansal Properties and Infrastructure Limited (APIL) has announced the outcome of the 46th Committee of Creditors (COC) meeting for its Fernhill Project in Gurugram. The COC approved an updated list of claims following an NCLT order dated November 17, 2025, with voting concluding on December 26, 2025. The company is currently undergoing project-wise Corporate Insolvency Resolution Process (CIRP), with different resolution professionals managing specific projects. While the Serene Residency project's resolution plan was approved in October 2025, the Fernhill project remains in the resolution stage.
Key Highlights
COC approved the updated List of Claims for the Fernhill Project following the NCLT order dated November 17, 2025.
The 46th COC meeting voting concluded on December 26, 2025, with the agenda item successfully passed.
APIL is undergoing project-wise CIRP; the Serene Residency project resolution plan was already approved on October 6, 2025.
The Fernhill Project is managed by Resolution Professional Shri Jalesh Kumar Grover under NCLAT's project-specific insolvency mandate.
💼 Action for Investors
Investors should exercise extreme caution as equity shareholders typically face significant value erosion or total loss during insolvency proceedings. Monitor the resolution progress of individual projects like Fernhill to assess the remaining asset value of the company.
Ansal API: CoC Approves Updated Claims List for Fernhill Project in 46th Meeting
Ansal Properties & Infrastructure Limited (APIL) has announced that the Committee of Creditors (CoC) for its Fernhill Project in Gurugram approved an updated list of claims during its 46th meeting. This follows an NCLT order dated November 17, 2025, and is part of the ongoing project-wise Corporate Insolvency Resolution Process (CIRP). While the company as a whole faces insolvency, specific projects like Serene Residency have already seen resolution plan approvals as of October 6, 2025. The approval of claims for Fernhill is a procedural step toward determining the final liability and resolution for this specific project.
Key Highlights
CoC approved the updated List of Claims for the Fernhill Project following the NCLT order dated November 17, 2025
The 46th CoC meeting for the Fernhill Project concluded voting on December 26, 2025
Company is undergoing project-wise insolvency as per NCLAT order dated January 13, 2023
Resolution Plan for the Serene Residency Project was previously approved by NCLT on October 6, 2025
💼 Action for Investors
Investors should exercise extreme caution as the company is under insolvency; the primary focus should be on the success of project-specific resolution plans. Monitor the progress of the Fernhill Project resolution plan for any potential recovery of stakeholder value.
Ansal Properties Schedules 6th CoC Meeting for Dec 30 Amid Ongoing Insolvency Process
Ansal Properties and Infrastructure Limited (APIL) has scheduled its 6th Committee of Creditors (CoC) meeting for December 30, 2025, as part of its ongoing insolvency process. The company has been under the Corporate Insolvency Resolution Process (CIRP) since February 25, 2025, following an NCLT order. While the overall company remains in resolution, the NCLT approved a specific resolution plan for the Serene Residency project on October 6, 2025. The company's affairs are currently managed by Resolution Professional Navneet Kumar Gupta.
Key Highlights
6th Committee of Creditors (CoC) meeting scheduled for December 30, 2025
Company has been under CIRP since the NCLT order dated February 25, 2025
Resolution Plan for Serene Residency project was approved by NCLT on October 6, 2025
Management and assets are currently controlled by Resolution Professional Navneet Kumar Gupta
💼 Action for Investors
Equity shareholders should be extremely cautious as CIRP often results in significant dilution or total loss of equity value. Monitor the outcome of CoC meetings for any updates on a comprehensive resolution plan for the company.
Ansal Properties: 46th CoC Meeting Held for Fernhill Project Insolvency Resolution
Ansal Properties and Infrastructure Limited (APIL) conducted the 46th Committee of Creditors (CoC) meeting for its Fernhill Project in Gurgaon on December 21, 2025. The company is undergoing a project-wise Corporate Insolvency Resolution Process (CIRP) as mandated by the NCLAT. The meeting achieved a 100% quorum of voting rights with participation from 113 homebuyers and unsecured financial creditors. While the resolution plan for the company's Serene Residency project was approved in October 2025, the Fernhill project remains under active resolution management.
Key Highlights
46th CoC meeting for the Fernhill Project (Gurgaon) successfully held on December 21, 2025
100% of voting rights were represented at the meeting, exceeding the 33% statutory quorum requirement
Insolvency process is project-specific to Fernhill following a January 2023 NCLAT order
Resolution plan for the company's Serene Residency project was previously approved on October 6, 2025
Approximately 113 homebuyers and various unsecured financial creditors participated in the proceedings
💼 Action for Investors
Investors should closely monitor the outcome of these CoC meetings as they determine the recovery value of the company's assets. The stock remains highly speculative given the ongoing insolvency proceedings across multiple projects.
Ansal Properties: CoC Approves CIRP Expenses and Fees for Fernhill Project
Ansal Properties and Infrastructure Limited (APIL) has announced the voting results of the 45th Committee of Creditors (CoC) meeting for its Fernhill Project in Gurugram. The CoC ratified and approved all expenses incurred during the Corporate Insolvency Resolution Process (CIRP) up to November 30, 2025. Furthermore, the creditors approved the fees payable to the Authorized Representative for homebuyers. This follows a project-wise insolvency approach mandated by the NCLAT, while other projects like Serene Residency have already seen resolution plan approvals.
Key Highlights
CoC approved all CIRP-related expenses incurred for the Fernhill Project up to November 30, 2025
Ratified the fee structure for Ms. Aakriti Sood, the Authorized Representative for the homebuyer class of creditors
The Fernhill Project is being managed by Resolution Professional Jalesh Kumar Grover under a project-specific insolvency mandate
The company noted that the resolution plan for its Serene Residency project was previously approved by NCLT on October 6, 2025
💼 Action for Investors
Investors should remain extremely cautious as the company is under active insolvency proceedings which typically result in significant equity dilution or delisting. Monitor the progress of the Fernhill Project's resolution plan to gauge the company's ability to settle liabilities.
Ansal Properties: 46th CoC Meeting for Fernhill Project Scheduled for Dec 21, 2025
Ansal Properties and Infrastructure Limited (APIL) has scheduled the 46th Committee of Creditors (CoC) meeting for its Fernhill project in Gurgaon on December 21, 2025. The company is currently undergoing a project-wise Corporate Insolvency Resolution Process (CIRP) as directed by the NCLAT. While the resolution plan for the company's Serene Residency project was approved on October 6, 2025, the Fernhill project remains under active insolvency proceedings. This meeting is a critical step in the ongoing efforts to resolve the project's debt and operational status.
Key Highlights
46th meeting of the Committee of Creditors for the Fernhill project to be held on December 21, 2025.
Project-wise CIRP is being conducted following the NCLAT order dated January 13, 2023.
The Fernhill project is managed by Resolution Professional Shri Jalesh Kumar Grover.
Resolution plan for the Serene Residency Group Housing Project was previously approved on October 6, 2025.
APIL itself is under CIRP with affairs managed by Resolution Professional Shri Navneet Kumar Gupta.
💼 Action for Investors
Investors should closely monitor the outcomes of the CoC meetings for progress on the resolution plan for the Fernhill project. The stock remains high-risk due to the ongoing insolvency proceedings and project-wise restructuring.
Ansal Properties: 45th CoC Meeting Held for Fernhill Project Under Insolvency Process
Ansal Properties and Infrastructure Limited (APIL) conducted the 45th Committee of Creditors (CoC) meeting for its Fernhill Project in Gurgaon on December 15, 2025. The company is undergoing project-wise Corporate Insolvency Resolution Process (CIRP) following a 2023 NCLAT order. While the Serene Residency project's resolution plan was approved in October 2025, the Fernhill project remains under the management of Resolution Professional Jalesh Kumar Grover. Approximately 118 homebuyers participated in the meeting to discuss the ongoing resolution status.
Key Highlights
45th CoC meeting for the Fernhill Project (Gurgaon) was held virtually on December 15, 2025
Approximately 118 homebuyers attended the meeting as financial creditors in a class
Resolution plan for the company's Serene Residency project was approved by NCLT on October 6, 2025
The insolvency process is confined to specific projects as per NCLAT order dated January 13, 2023
Mr. Jalesh Kumar Grover is the designated Resolution Professional for the Fernhill project
💼 Action for Investors
Equity investors should exercise extreme caution as the company is in CIRP, which often leads to significant equity dilution or cancellation. Monitor the progress of the Fernhill resolution plan for any potential recovery or liquidation outcomes.
Ansal Properties Reports Q1 FY26 Standalone Results Amid Ongoing Insolvency Process
Ansal Properties & Infrastructure Limited (APIL) has submitted its standalone financial results for the quarter ended June 30, 2025, while currently undergoing the Corporate Insolvency Resolution Process (CIRP). The company was unable to provide consolidated financial results, citing significant difficulties in obtaining data from its subsidiaries. The Resolution Professional (RP) has cautioned that these results are subject to valuations and transaction audits, which may lead to significant changes in the reported numbers. The powers of the company's board remain suspended, and affairs are managed by the RP.
Key Highlights
Company has been under Corporate Insolvency Resolution Process (CIRP) since February 25, 2025.
Only standalone results for Q1 FY26 were submitted; consolidated results were omitted due to lack of data from subsidiaries.
Resolution Professional Navneet Kumar Gupta signed the results for compliance but does not vouch for the financial position or performance.
Financial statements are subject to pending valuations and transaction audits which may result in significant future revisions.
Specific projects like Serene Residency and Fernhill are being managed by separate Resolution Professionals or under specific resolution plans.
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency and the RP has explicitly warned against relying on these results for investment decisions. The lack of consolidated data and potential for significant financial revisions make the stock highly speculative and risky.
Ansal Properties: 45th CoC Meeting for Fernhill Project Scheduled for Dec 15, 2025
Ansal Properties and Infrastructure Limited (APIL) has scheduled the 45th Meeting of the Committee of Creditors (CoC) for its Fernhill project in Gurgaon on December 15, 2025. The company is currently undergoing a project-wise Corporate Insolvency Resolution Process (CIRP) following a 2023 NCLAT order. While a resolution plan for the Serene Residency project was approved in October 2025, the Fernhill project remains under active insolvency proceedings. This meeting is a critical step in the ongoing efforts to resolve the company's project-specific liabilities.
Key Highlights
45th CoC meeting for the Fernhill project (Gurgaon) to be held on December 15, 2025
Company is under project-wise CIRP as per NCLAT order dated January 13, 2023
Resolution plan for the Serene Residency project was previously approved on October 6, 2025
Shri Jalesh Kumar Grover is acting as the Resolution Professional for the Fernhill project
Overall company affairs are managed by Resolution Professional Shri Navneet Kumar Gupta
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency, which typically results in significant equity dilution or delisting. Monitor the outcome of the CoC meeting for any progress on the resolution plan for the Gurgaon project.