Ansal API Declared Bankrupt: Thousands of Investors Stuck in Financial Limbo
The National Company Law Tribunal (NCLT) has declared Ansal API bankrupt, putting thousands of homebuyers and investors in a crisis. The tribunal has also appointed an Interim Resolution Professional (IRP) to handle the company’s projects, raising concerns about whether investors will ever get their money back. What Went Wrong? Ansal API had undertaken major real…