Ansal Properties and Infrastructure Limited has informed stock exchanges about significant developments in its Corporate Insolvency Resolution Process (CIRP) proceedings, including a Supreme Court order and the latest Committee of Creditors meeting for the Fernhill Project.

Supreme Court Order on CIRP Proceedings

The Supreme Court bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan disposed of Civil Appeal Nos.807-808/2026 in the matter of IL&FS Financial Services Limited vs. Pranav Ansal & Others on April 16, 2026. The court's decision maintains the NCLAT order while providing specific directions for expeditious CIRP proceedings.

The Supreme Court upheld the NCLAT order while keeping questions of law open for future consideration. Erstwhile promoters undertook to extend full cooperation in CIRP proceedings, and the court directed that proceedings shall proceed expeditiously in accordance with Insolvency and Bankruptcy Code provisions.

51st Committee of Creditors Meeting Update

Ansal Properties disclosed minutes of the 51st Committee of Creditors meeting for the Fernhill Project held on April 21, 2026, under Resolution Professional Jalesh Kumar Grover. The meeting addressed multiple ongoing litigation matters and procedural updates.

Current CIRP Status Across Projects

The Corporate Insolvency Resolution Process affects multiple projects of Ansal Properties across different jurisdictions with varying stages of resolution:

Ongoing Litigation Status

The Resolution Professional updated the Committee on 17 ongoing litigation matters before NCLT Delhi Bench, all scheduled for hearing on May 8, 2026. Key applications include Section 66 proceedings against Piyare Lal Hari Singh Builders and Samyak Projects, along with multiple applications seeking various reliefs related to the CIRP process.

IBBI Disciplinary Order Update

The Resolution Professional informed the Committee about the IBBI Disciplinary Committee's order dated March 30, 2026, suspending his registration for one year effective April 30, 2026. However, the Hon'ble High Court of Punjab and Haryana stayed the operation of this order on April 9, 2026, allowing continued services during the stay period.

Regulatory Compliance

Both disclosures were made under Regulation 30 of SEBI Listing Regulations, 2015, ensuring transparency with stakeholders about material legal developments. Whole Time Director Siddharth Goenka signed the disclosures, maintaining compliance with regulatory requirements for timely disclosure of material events affecting the company's insolvency proceedings.

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.