Ansal Properties and Infrastructure Limited has informed stock exchanges about a significant Supreme Court order dated 16th April, 2026, that disposes of Civil Appeal Nos.807-808/2026 in the matter of IL&FS Financial Services Limited vs. Pranav Ansal & Others. The order has important implications for the ongoing Corporate Insolvency Resolution Process (CIRP) proceedings affecting the company's projects.

Supreme Court Order Details

The Supreme Court bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan heard multiple parties including IL&FS Financial Services Limited, erstwhile promoters, various development authorities, and homebuyers representatives. The court's decision maintains the NCLAT order while providing specific directions for future proceedings.

Key Court Directions

The Supreme Court's order contains several crucial elements affecting the CIRP proceedings:

• NCLAT Order Upheld: The court declined to interfere with the NCLAT order while keeping questions of law open for future consideration
• Promoter Cooperation: Erstwhile promoters, through their counsel, undertook to extend full cooperation in CIRP proceedings
• Expeditious Process: The court directed that CIRP proceedings shall proceed expeditiously in accordance with Insolvency and Bankruptcy Code provisions
• Homebuyers Rights: While disposing of the homebuyers' writ petition, the court preserved their right to file appropriate legal remedies before competent forums

Current CIRP Status

The Corporate Insolvency Resolution Process affects multiple projects of Ansal Properties and Infrastructure Limited across different jurisdictions:

Legal Framework and Implications

The Supreme Court's decision reinforces the insolvency resolution framework while balancing interests of various stakeholders. The court specifically noted that the Genuine Homebuyers Association for Relief (GHAR) retains options to pursue legal remedies through appropriate forums, ensuring homebuyers' interests remain protected within the legal framework.

The order's emphasis on expeditious proceedings under the Insolvency and Bankruptcy Code suggests a focus on timely resolution of the insolvency matters. The promoters' commitment to full cooperation may facilitate smoother progress in the resolution process.

Regulatory Compliance

Ansal Properties and Infrastructure Limited has disclosed this information under Regulation 30 of SEBI Listing Regulations, 2015, ensuring transparency with stakeholders about material legal developments. The company's Whole Time Director Siddharth Goenka signed the disclosure on 18th April, 2026, maintaining compliance with regulatory requirements for timely disclosure of material events.

Ansal Properties & Infrastructure Limited has issued stern warnings to investors and the general public against unauthorized third parties attempting to conduct business on behalf of the company and its subsidiaries, while simultaneously reporting outcomes from its latest Committee of Creditors meeting.

50th COC Meeting Approves Key Resolutions

The company has announced the voting results of the 50th Meeting of Committee of Creditors for the Fernhill Project situated at Gurugram, Haryana, held on March 23, 2026, with voting concluded on March 27, 2026.

Company Issues Multiple Public Warnings

The real estate company has published several public notices cautioning all investors, financial creditors, banks, and buyers not to make any payments to third parties claiming authority on behalf of Ansal Properties and Infrastructure Limited, Ansal Hi-Tech Townships Limited, Ansal Landmark Townships Limited, or any of their subsidiaries and group companies.

According to the company's notices dated March 27, 2026, certain unauthorized persons and entities have been circulating development agreements, board resolutions, and purported authorization documents while claiming association with these companies.

Fraudulent Activities Identified

The company has specifically advised the public not to rely upon or act on any such representations, including promises of allotment, development rights, or investment opportunities. Any documents or representations made by third parties should be treated as unauthorized and invalid unless officially confirmed by the company.

Current CIRP Structure

Ansal Properties has clarified that matters concerning its Corporate Insolvency Resolution Process are managed across different projects by separate Resolution Professionals. The Fernhill Project at District Gurgaon, Haryana, is managed by Shri Jalesh Kumar Grover, while Lucknow and Rajasthan projects are managed by Shri Navneet Kumar Gupta.

The newly constituted Board of Directors remains duty-bound to preserve, protect, and safeguard the company's assets and interests until final decisions in pending cases.

Advisory to Public

Ansal Properties has advised the public to exercise due caution and verify all dealings directly through official channels. The company has requested immediate reporting of any suspicious activities at contactansalapi@gmail.com . The company's registered office is located at 115, Ansal Bhawan, 16, Kasturba Gandhi Marg, New Delhi-110001.