Ansal Properties & Infrastructure Ltd. Committee of Creditors Approves Expenses and Representative Fee
Ansal Properties & Infrastructure Limited announced the outcome of the 50th Meeting of the Committee of Creditors (COC) for the Fernhill Project, held on March 23, 2026. The meeting’s results were disclosed on March 27, 2026.The Committee of Creditors approved expenses incurred during the Corporate Insolvency Resolution Process (CIRP) period up to March 15, 2026, and ratified the fee payable to Aakriti Sood, the Authorized Representative of the financial creditors representing homebuyers.
The Fernhill Project, located in Gurugram, Haryana, is currently managed by Resolution Professional Jalesh Kumar Grover. The matter is subject to an order dated January 13, 2023, from the National Company Law Appellate Tribunal (NCLAT) in New Delhi.
Separately, the Corporate Insolvency Resolution Process for Ansal Properties and Infrastructure Limited has been confined to the Lucknow and Rajasthan projects, managed by Resolution Professional Navneet Kumar Gupta. This follows a settlement agreement dated March 3, 2022, between IL&FS Financial Services Limited and Ansal Properties and Infrastructure Limited. The Resolution Plan for the Serene Residency Group Housing Project in Greater Noida, also managed by Navneet Kumar Gupta, was approved by the National Company Law Tribunal (NCLT) on October 6, 2025.
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