Ansal Properties: NCLT Approves Resolution Plan for Fernhill Project

Ansal Properties & Infrastructure Ltd has submitted a certified copy of the National Company Law Tribunal (NCLT) order approving the Resolution Plan for its Fernhill Project in Gurgaon, Haryana. The NCLT, New Delhi, Bench II, pronounced the order on July 24, 2026, in the matter of Bibhuti Bhusan Biswas and ors. vs Ansal Properties and Infrastructure Limited. The resolution plan, submitted by Resolution Professional Shri Jalesh Kumar Grover, includes details on funds infused and creditors paid off. Krish Infrastructure Private Limited is identified as a new promoter. The company also clarified that certain financial metrics like pre/post net-worth and asset details are not applicable as it is a project-based insolvency. The company's other projects in Lucknow, Rajasthan, and Greater Noida are managed by different Resolution Professionals.