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Ansal Properties & Infrastructure Ltd. ( (IN:ANSALAPI) ) has provided an update.
Ansal Properties & Infrastructure Ltd. announced the outcome of the 44th Meeting of the Committee of Creditors for its Fernhill Project in Gurugram, Haryana. The meeting resulted in several approvals, including the appointment of a new security agency, legal representation before the Haryana Real Estate Regulatory Authority, and consultants for securing DTCP approval. Additionally, the meeting approved the exclusion of certain periods from the Corporate Insolvency Resolution Process (CIRP) timeline and extended the CIRP period by 60 days. These decisions are part of the company’s ongoing efforts to manage its insolvency…