The Supreme Court of India issued its order on April 16, 2026, disposing of Civil Appeals No(s). 807-808/2026 and connected matters filed by IL&FS Financial Services Limited against Pranav Ansal and others regarding Ansal Properties & Infrastructure Ltd (APIL). The National Company Law Appellate Tribunal’s (NCLAT) order was dated January 7, 2026.
While the court decided not to interfere with the NCLAT’s order, it has kept certain questions of law open for future consideration. This development clears the path for the Corporate Insolvency Resolution Process (CIRP) concerning Ansal Properties & Infrastructure Ltd (APIL) to proceed expeditiously. Crucially, the court has permitted homebuyers to pursue appropriate legal remedies before the…