District Court Directs Status Quo in Suit Over Ansal Properties' Pledged Shares

District Court Directs Status Quo in Suit Over Ansal Properties' Pledged Shares​

Ansal Properties & Infrastructure Limited has taken legal action against several entities, seeking a court order to protect and restrain third-party claims over its promoter group's pledged equity shares. The Delhi District Court issued an injunction directing the defendants to maintain status quo concerning the collateral until further notice.

The company filed a commercial civil suit against DMI Alternative Investment Fund, DMI Alternatives Private Limited, DMI Finance Private Limited, Vistra ITCL (India) Limited (Trustee), and Trait IT Park Private Limited. The lawsuit seeks both a decree for the rendition of accounts and a permanent injunction to prevent the defendants from creating any third-party rights against securities belonging to Ansal Properties & Infrastructure Ltd. or its Promoters.

The core security at stake involves 5,55,64,816 Equity shares of Ansal Properties & Infrastructure Limited, which were pledged by the Promoters/Promoter Group in favor of the defendants. The suit has highlighted a continuous fear among the company that the defendants might sell or create third-party rights over these pledged shares.

In response to the matter heard on June 16, 2026, the Hon'ble District Judge (Commercial) issued an order directing parties involved in the dispute. The court instructed the concerned parties to maintain status quo and restrained the defendants from creating any third party rights in any of the securities provided by Ansal Properties or its promoters until further notice is determined.

The suit relates to a situation where financial facilities were advanced by one defendant, against which several properties—including residential property at Firoz Shah Road and the pledged shares—were taken as security. The records indicate that a total outstanding amount of Financial Facility 2 was Rs. 54,87,17,576/-as per a letter dated June 18, 2024.

Key details regarding the securities and legal action in the suit include:

Company Projects and Insolvency Status Update​

Apart from the ongoing litigation, Ansal Properties & Infrastructure Limited has several projects under management and specific statuses related to corporate insolvency resolution.

The company’s Corporate Insolvency Resolution Process (CIRP) is confined to its Lucknow and Rajasthan projects, as per a settlement agreement dated March 3, 2022, between IL&FS Financial Services Limited and Ansal Properties and Infrastructure Limited in CP No.: IB 558(ND)/2024. These projects are managed by Shri Navneet Kumar Gupta, Resolution Professional.

Further operational updates include:

• The Serene Residency Group Housing Project in Greater Noida, U.P., is also being managed by Shri Navneet Kumar Gupta. The resolution plan for this project was approved by the National Company Law Tribunal (NCLT), New Delhi, Bench II on October 6, 2025.
• The Fernhill Project of APIL in District Gurgaon, Haryana, is managed by Shri Jalesh Kumar Grover, Resolution Professional.

ANSALAPI Stock Price Movement​

Ansal Properties & Infrastructure Limited slipped today by 1.86% to close at ₹3.17, marking a drop of ₹0.06 from its previous close. The stock saw activity in post-market trading, with 2,031 shares traded.