Ansal Properties Committee of Creditors Meeting Approves RP Expenses and Reviews Litigation Status for Fernhill Project
The Committee of Creditors (CoC) meeting for Ansal Properties & Infrastructure Limited's 'Fernhill Project,' held on June 15, 2026, concluded with the ratification of expenses incurred by the Resolution Professional (RP) during the Corporate Insolvency Resolution Process (CIRP). The meeting also served as a status update on several ongoing litigations related to the project.The meeting was conducted virtually and involved the Resolution Professional's team, financial creditors, and unsecured financial creditors. Jalesh Kumar Grover, serving as the Resolution Professional for Fernhill Project, chaired the meeting.
Expenses Ratification Approved by Homebuyers
A key agenda item focused on ratifying and approving expenses incurred by the RP during the CIRP period, specifically from March 16, 2026, to May 10, 2026. The total expenditure amounted to Rs. 61,069.41, covering e-voting costs, regulatory fees, and other miscellaneous expenses connected with the process.The financial creditors in the class of homebuyers approved this expense ratification. The voting details from the CoC members were as follows:
| Creditor Class | Total No. of Homebuyers | Total Voting Share Homebuyers | Number of Homebuyers who Cast Vote | Total Voting Share of Voters | Voting in Favor (%) | Voting Against (%) | Abstain (%) |
|---|---|---|---|---|---|---|---|
| Homebuyers (Financial Creditors) | 642 | 99.96% | 125 | 20.74% | 98.22% | 1.25% | 0.53% |
Additionally, the approval of expenses was secured by all members of the Committee of Creditors (CoC) who held a voting right, with 100% being in favor.
Status of Ongoing Litigations
The meeting provided detailed updates on various applications and matters currently before the Adjudicating Authority regarding the Fernhill Project. The Resolution Professional apprised the CoC of the status of each litigation, which spans several different regulatory forums.Key developments across ongoing litigations include:
- IA No. 2957/2024: This application against Piyare Lal Hari Singh Builders Pvt. Ltd. was previously adjourned to May 27, 2026. The matter is now scheduled for arguments on July 16, 2026.
- IA No. 3022/2024: This application against Samyak Projects Pvt. Ltd. was also listed for arguments on July 16, 2026.
- IA No. 3245/2024: Pertaining to an application filed by the RP under Section 43 against Samyak Projects Private Limited, this matter is scheduled for argument on July 16, 2026.
- IA No. 1352/2024 (Successful Resolution Applicant): This application was heard, and the Hon'ble Bench directed both the RP and the Successful Resolution Applicant (SRA) to file separate affidavits addressing maintainability, with further consideration set for July 16, 2026.
- IA No. 950/2026: This application by Manish Kumar Verma against Jalesh Kumar Grover was reserved by the Hon'ble Bench and parties were directed to file written arguments within three days.
The status of all other matters discussed during the meeting, including those concerning the approval of a Resolution Plan (IA No. 8/2024), criminal revision petitions, and various applications filed by stakeholders (e.g., IA No. 6191/2025, IA No. 990/2026), were noted by the Committee.
The details of the ongoing litigation matters are provided below:
| Sr. No. | Case No. / Filing | Adjudicating Authority | Description of Matter | Current Status and Next Step |
|---|---|---|---|---|
| 1. | IA No. 2957/2024 | NCLT, Delhi Bench | Application filed by RP U/s 66 against Piyare Lal Hari Singh Builders Pvt. Ltd. | Matter is listed for arguments on July 16, 2026. Pleadings are complete after notice and rejoinder filings. |
| 2. | IA No. 3022/2024 | NCLT, Delhi Bench | Application filed by RP U/s 66 against Samyak Projects Pvt. Ltd | Matter is listed for arguments on July 16, 2026. Pleadings are complete. |
| 3. | IA No. 3245/2024 | NCLT, Delhi Bench | Application filed by RP U/s 43 against Samyak Projects Pvt. Ltd. | Matter is listed for arguments on July 16, 2026. Pleadings are complete. |
| 4. | I.A No. 1459/ 2023 | NCLT, Delhi Bench | Application filed by Erstwhile RP u/s 19(2) against Samyak Projects Pvt. Ltd. & Ansal Properties & Infrastructure Limited. | Matter is listed for further hearing on July 16, 2026. |
| 5. | IA No. 60(5)/2024 (against SRA) | NCLT, Delhi Bench | Application seeking permission to place a resolution plan before the CoC. | Matter is listed for consideration on July 16, 2026. The RP and SRA were directed to file affidavits addressing maintainability. |
| 6. | I.A No. 3664/2025 | NCLT, Delhi Bench | Application by Pritam Pal & ors seeking expansion of CIRP scope. | Hearing is deferred to March 2, 2026. |
| 7. | IA-8/2024 | NCLT, Delhi Bench | Application filed by RP under Section 30 (6) for approval of Resolution Plan. | Matter is listed for hearing on July 16, 2026. |
| 8. | IA No. 4742 of 2025 | NCLT, Delhi Bench | Application filed by RP against Samyak Projects Pvt. Ltd. concerning cooperation in CIRP. | The matter was reserved for order on May 13, 2026. |
| 9. | IA No. 5451 of 2025 | NCLT, Delhi Bench | Application filed by Samyak Projects Pvt. Ltd. against RP regarding 'Reverse' CIRP. | Matter is listed for hearing on July 16, 2026. The parties were directed to file affidavits addressing maintainability. |
| 10. | IA No. 6191 of 2025 | NCLT, Delhi Bench | Application filed by Naveen Gupta against RP seeking re-issue of Form G. | The matter was reserved for order on May 13, 2026. |
| 11. | IA No. 990/2026 | NCLT, Delhi Bench | Application filed by Usha Rani Kharbanda against RP under section 60(5) of the Code. | The Hon'ble Bench reserved order on May 27, 2026. |
| 12. | IA No. 950/2026 | NCLT, Delhi Bench | Application filed by Manish Kumar Verma against RP for deterrent action regarding pollution of the CoC’s wisdom. | The Hon'ble Bench reserved order and directed parties to file written arguments within three days. |
| 13. | IA No. 969/2026 | NCLT, Delhi Bench | Application filed by Priti Saini against RP seeking direction regarding the CoC’s decision on the Modified Revised Resolution Plan. | The Hon'ble Bench reserved order on May 27, 2026. |
| 14. | IA No. 968/2026 | NCLT, Delhi Bench | Application filed by Radha Abrol against RP seeking direction regarding the CoC’s decision. | The Hon'ble Bench reserved order on May 27, 2026. |
| 15. | IA No. 967/2026 | NCLT, Delhi Bench | Application filed by Radha Abrol against RP seeking direction regarding the CoC’s decision. | The Hon'ble Bench reserved order on May 27, 2026. |
| 16. | IA No. 1342/2026 | NCLT, Delhi Bench | Application filed by Samyak Projects Private Limited for dismissal of the Resolution Plan. | Matter is listed for hearing on July 16, 2026. The matter was adjourned due to paucity of time. |
| 17. | IA No. 2132/2026 | NCLT, Delhi Bench | Application filed by Samyak Projects Pvt. Ltd. seeking handover of fit-out/final possession. | Matter is listed for hearing on July 16, 2026. The parties were directed to file affidavits addressing maintainability. |
| 18. | CIS No. CRR-452- 2024 | Court of Principal District and Sessions Judge, Gurugram, Haryana | Criminal Revision Petition u/s 438/440 of BNSS, 2023. | Matter is now listed for arguments on August 19, 2026. |
ANSALAPI Stock Price Movement
As of 1:02 PM, shares of Ansal Properties & Infrastructure Limited are slipping by 1.82% in live trading, currently priced at ₹3.23 as the market progresses. The stock has seen a limited volume of 600 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.