Residential- Commercial Projects
Business Update27 March 2026 at 12:41 pm

Ansal Properties' Fernhill Project Receives COC Approval for Expenses and Authorized Representative Fee

AI Summary

Ansal Properties & Infrastructure Ltd has announced the outcome of the 50th Meeting of the Committee of Creditors (COC) for its Fernhill Project in Gurugram, Haryana. The COC has approved the expenses incurred during the Corporate Insolvency Resolution Process (CIRP) period till 15th March 2026. Additionally, the fee payable to Ms. Aakriti Sood, the Authorized Representative of the financial creditors in the class of Homebuyers, has also been ratified and approved. This approval is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Key Highlights

  • COC approves expenses incurred during CIRP period till 15th March 2026 for Ansal Properties' Fernhill Project.
  • Fee payable to Ms. Aakriti Sood, the Authorized Representative of the financial creditors in the class of Homebuyers, has been ratified and approved.