Ansal Properties Committee of Creditors Meeting addresses Homebuyer Options and Ratifies CIRP Expenses for Fernhill Project

Ansal Properties Committee of Creditors Meeting addresses Homebuyer Options and Ratifies CIRP Expenses for Fernhill Project​

Ansal Properties and Infrastructure Limited (APIL) conducted its 54th meeting of the Committee of Creditors (CoC) regarding the ‘Fernhill Project’ in District Gurgaon, Haryana. The meeting, held on July 10, 2026, addressed key operational mandates from the National Company Law Tribunal (NCLT), reviewed the choices of homebuyers who had obtained decrees, and sought approval for various expenses incurred during the Corporate Insolvency Resolution Process (CIRP).

The meeting confirmed that the quorum was achieved with participants representing allottees and unsecured financial creditors. The Committee noted the ongoing management of the Fernhill Project, which is overseen by the Resolution Professional, Mr. Jalesh Kumar Grover. Previously, APIL’s CIRP had been confined to projects in Lucknow and Rajasthan following a settlement agreement dated March 3, 2022.

Dispute Management with Samyak Projects Private Limited​

A significant discussion point involved the actions mandated by the NCLT vide an order dated July 2, 2026. The Tribunal directed M/s Samyak Projects Private Limited to cooperate with the Resolution Professional (RP) and hand over project-related documents, approvals, licenses, and records within two weeks of the order date.

The RP reported that an email was issued to M/s Samyak Projects Private Limited on July 6, 2026, requesting full cooperation and the handover of relevant materials. As of the meeting, no reply had been received from the company. The Resolution Professional indicated that if no response is received within two weeks, appropriate action will be taken.

The NCLT had also categorically held that the ongoing proceedings pertain to the resolution of insolvency for the Fernhill Project and not to inter se disputes between APIL and M/s Samyak Projects Private Limited. Consequently, the RP was directed to ensure that the project is preserved pending the approval of the Resolution Plan and that Samyak Projects Private Limited does not interfere with the management of the Resolution Professional. The RP sent subsequent communications urging Samyak Projects Private Limited to withdraw all deployed personnel from the Fernhill Project site to ensure uninterrupted management of the project.

Homebuyers’ Choices and Claim Status​

The Committee reviewed the affidavit submitted by SRA, M/s Krish Infrastructure Private Limited on July 8, 2026, concerning the resolution for homebuyers who had obtained decrees or orders from courts such as RERA or Consumer Court. The affidavit introduced a crucial option for these homebuyers: they may choose either to retain the unit according to the terms of the Resolution Plan or to receive a refund of the unpaid/residual principal amount along with interest.

The RP reported that the details of allottees holding decrees were shared with the Authorized Representative (AR) to facilitate communication regarding their choices. A detailed list of applicants and their representations was presented for the CoC's review:


The Committee was asked to consider the representation of allottees, who had chosen their preferred mode of treatment. The CoC discussed the matter and it was proposed for approval via e-voting that the Committee approves the representations submitted by allottees, indicating their choices in compliance with the NCLT order dated July 2, 2026.

Financial Ratification and Estimated Costs​

The meeting also focused on financial accountability, covering expenses incurred during a specific period and estimating costs for the coming month.

Ratification of Past Expenses (May 11, 2026 to June 30, 2026):
The Committee was asked to ratify expenses totaling Rs 40,602.62, including printing, notary charges, conveyance, and e-voting expenses.


The Committee was asked to approve the expenses incurred by the RP during this period, which were proposed at Rs 40,603/- for voting.

Estimated CIRP Costs (July 1, 2026 to July 31, 2026):
An estimated cost of Rs 7,25,004.98 was presented for the next month's operations. This estimate covers various professional and administrative costs.


The Committee was asked to approve the estimated CIRP cost of Rs 7,25,005/- for voting. The RP noted that the fees of both the RP and AR were included in this estimate despite having been previously approved by the CoC, providing details for intimation purposes.

ANSALAPI Stock Price Movement​

Shares of Ansal Properties & Infrastructure Limited are edging higher to ₹2.58 as of 12:44 PM, having gained ₹0.05 or 1.98% in live trading. The stock is performing under pressure, with the equity remaining vulnerable after previously tumbling down to a 52-week low of ₹2.51, while volume registers at 38,526 shares.