The Enforcement Directorate (ED) has taken significant action against Ansal Properties & Infrastructure Limited (APIL) in a money laundering case, freezing assets worth ₹10.55 crore. This development comes amidst ongoing legal and financial challenges for the real estate developer.

Key Details of ED's Action

The ED's Gurugram Zonal Office has provisionally attached six immovable properties under the Prevention of Money Laundering Act (PMLA), 2002. These properties, valued at ₹10.55 crore, are located in Gurugram (Haryana), Greater Noida (UP), and Ludhiana (Punjab).

Individuals and Entities Involved

The attached properties are held by:

• Sushil Ansal (Promoter)
• Pranav Ansal & Son HUF (part of Promoter Group)
• Smt. Kusum Ansal (part of Promoter group)

Pranav Ansal, who is part of the Promoter Group, is currently the suspended Chairman and Whole Time Director of APIL.

Basis of the ED's Investigation

The ED's action stems from alleged violations of:

• The Water (Prevention and Control of Pollution) Act, 1974
• The Air (Prevention and Control of Pollution) Act, 1981

The investigation was initiated based on Prosecution Complaints filed by the Haryana State Pollution Control Board (HSPCB) regarding non-compliance with environmental norms in two Gurugram-based real estate projects: 'Sushant Lok- I' and 'Esencia'.

Findings of the Investigation

The ED's investigation revealed:

1. No Sewage Treatment Plant (STP) was installed in the 'Sushant Lok Phase-I' project.
2. The STP installed in the 'Esencia' project was of inadequate capacity.
3. During HSPCB officials' inspection, the STPs were found abandoned without proper operation and maintenance.

Impact on Ansal Properties and Infrastructure Limited

Currently, APIL is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The company's affairs, business, and assets are being managed by Resolution Professional, Shri Navneet Kumar Gupta, appointed by the National Company Law Tribunal (NCLT), New Delhi.

While the immediate financial impact on APIL may be limited due to the ongoing CIRP, the long-term implications of this ED action remain to be seen as the investigation progresses.

Conclusion

This action by the Enforcement Directorate highlights the increasing scrutiny on real estate developers regarding environmental compliance and financial practices. As the investigation continues, it may have broader implications for the real estate sector and environmental regulations enforcement in India.

Ansal Properties & Infrastructure Limited (APIL), a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has made significant strides in its restructuring efforts. The company's Committee of Creditors (CoC) convened its fifth meeting on September 10, 2025, approving several crucial appointments and discussing various aspects of the ongoing insolvency process.

Key Appointments

The CoC has greenlit the appointment of Ms. Vanita Agarwal as the Secretarial Auditor for the financial year 2025-26. This appointment is in line with Section 204 of the Companies Act, 2013, and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

In a move to ensure transparency and compliance, the committee also approved the appointment of M/s SLO Technologies Private Limited, operating under the name "Advarisk," as the Transaction Auditor. This firm will be responsible for determining avoidance transactions as per sections 43, 45, 50, and 66 of the Insolvency and Bankruptcy Code.

Changes in Subsidiary Management

A significant development was the approval for changes in the management of Ansal API Infrastructure Limited (AAIL), a wholly-owned subsidiary of APIL. The CoC sanctioned the appointment of two new directors, Mr. Avanish Kumar and Mr. Devesh Kumar, to AAIL's board, while also approving the replacement of existing directors.

Ongoing Insolvency Process

APIL has been under CIRP since February 25, 2025, following an order by the National Company Law Tribunal (NCLT), New Delhi Bench, Court-IV. The company's affairs, business, and assets are currently being managed by Resolution Professional Shri Navneet Kumar Gupta.

During the meeting, the CoC also:

• Reviewed and noted the updated list of creditors published by the Resolution Professional
• Discussed legal updates related to the CIRP
• Took note of the valuation progress made by appointed valuers
• Addressed the exclusion of certain days from the CIRP period due to an ongoing stay on Form G
• Updated the operational status of APIL as per regulatory requirements

Looking Ahead

As APIL navigates through its insolvency process, these recent developments demonstrate active efforts to restructure and manage the company's affairs. The appointments and management changes suggest a focus on transparency and effective governance during this critical period.

The resolution process continues under the supervision of Shri Navneet Kumar Gupta, with the next steps likely to involve further progress on valuation, addressing legal matters, and working towards a resolution plan for the company.

Stakeholders and investors will be keenly watching the outcomes of these efforts as Ansal Properties & Infrastructure works towards resolving its financial challenges and charting a path forward.