Project Update15 Jul 2026, 04:02 pm
Ansal Properties Fernhill Project COC Approves Homebuyer Representation & Expenses
AI Summary
Ansal Properties & Infrastructure Ltd announced the outcome of the 54th Committee of Creditors (COC) meeting for its Fernhill Project in Gurugram. The meeting, held on July 10, 2026, with voting concluding on July 14, 2026, saw the approval of the representation of Homebuyers/Allottees holding RERA orders, in compliance with an NCLT order. Additionally, the COC ratified expenses incurred during the Corporate Insolvency Resolution Process (CIRP) period from May 11, 2026, to June 30, 2026, and approved estimated CIRP expenses for the upcoming month. The filing also clarifies that the Corporate Insolvency Resolution Process is now confined to Lucknow and Rajasthan projects.
Key Highlights
- COC approved representation for homebuyers with RERA orders.
- Expenses incurred during CIRP from May 11 to June 30, 2026, were ratified.
- Estimated CIRP expenses for the next month received approval.
- CIRP is now confined to Lucknow and Rajasthan projects.
- Meeting held for Fernhill Project in Gurugram, Haryana.
Price Impact
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