Ansal Properties CIRP Confined to Lucknow & Rajasthan Projects; Greater Noida Project Resolution Plan Approved
Ansal Properties' CIRP is now confined to Lucknow and Rajasthan projects. The Resolution Plan for the Greater Noida project was approved on October 6, 2025. The 52nd COC meeting for the Fernhill project on May 20, 2026, approved CIRP expenses.
The confinement of CIRP to specific projects and the approval of a resolution plan are significant developments that impact the company's operational and financial structure. These events provide clarity on the future of certain projects and the overall insolvency process, warranting a medium impact.
The announcement provides an update on the ongoing Corporate Insolvency Resolution Process, detailing the confinement of the CIRP to specific projects and the approval of a resolution plan for another. While the approval of a resolution plan is positive for that specific project, the overall status of CIRP indicates ongoing financial restructuring, making the sentiment neutral.
Ansal Properties and Infrastructure Limited (APIL) has provided an update on its Corporate Insolvency Resolution Process (CIRP). The company's CIRP has been confined to its Lucknow and Rajasthan projects, following a settlement agreement dated March 3, 2022, between IL&FS Financial Services Limited and APIL. These projects are currently managed by Shri Navneet Kumar Gupta, the Resolution Professional.
Furthermore, the Resolution Plan for the Serene Residency Group Housing Project, located in Greater Noida, Uttar Pradesh, was approved by the Hon'ble National Company Law Tribunal (NCLT), New Delhi, Bench II, on October 6, 2025. This project is also managed by Shri Navneet Kumar Gupta.
In a separate development, the 52nd Meeting of the Committee of Creditors (COC) for the Fernhill Project in Gurugram, Haryana, was held on May 20, 2026. The outcome of this meeting, which included voting results up to May 25, 2026, indicated that the expenses incurred during the CIRP period until May 10, 2026, were approved. The Fernhill Project is managed by Shri Jalesh Kumar Grover, the Resolution Professional.
It is noted that the Hon'ble National Company Law Appellate Tribunal (NCLAT) order dated January 13, 2023, had initially confined the CIRP to the 'Fernhill project' in Gurugram. However, a subsequent NCLAT order dated January 7, 2026, confined the CIRP to the Lucknow and Rajasthan projects.
What to do with a filing like this
Ansal Properties & Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ansal Properties & Infrastructure Limited. Read the original for the full detail.