Ansal Properties & Infrastructure Ltd's Fernhill Project Committee of Creditors met to ratify expenses. 100% voted in favor, but ongoing legal cases at NCLT are delaying the resolution plan.

Ansal Properties Fernhill Project CoC Meeting

Ansal Properties & Infrastructure Ltd's Fernhill Project saw its 53rd Committee of Creditors (CoC) meeting on June 15, 2026. The meeting confirmed 100% approval for expenses incurred during the Corporate Insolvency Resolution Process (CIRP).

Reader Takeaway: Expenses ratified, but legal hurdles persist in delaying resolution.

What just happened

The Committee of Creditors (CoC) for Ansal Properties & Infrastructure Ltd's Fernhill Project met on June 15, 2026. They unanimously ratified administrative and miscellaneous expenses amounting to Rs. 61,069.41, incurred by the Resolution Professional (RP) between March 16, 2026, and May 10, 2026.

Why this matters

While the ratification of expenses is a routine administrative step, the meeting also highlighted significant delays in the resolution process. The CoC noted that 18 ongoing legal matters before the NCLT Delhi Bench are hampering progress on the resolution plan for the Fernhill Project.

The backstory

Proceedings related to the Fernhill Project have been ongoing since 2021. Multiple stakeholders have filed applications, leading to a complex legal gridlock. The NCLT has faced adjournments due to time constraints and the need for further documentation.

What changes now

This meeting marks a procedural step forward in ratifying operational costs. However, the core issue of delayed resolution plan approval due to litigation remains unresolved. The CoC has acknowledged the delays caused by pending applications.

Risks to watch

The primary risk for investors is the continued delay in the resolution of the Fernhill Project. The high number of pending legal applications before the NCLT poses a significant challenge.

Peer comparison

(No peer comparison data available from the filing)

Context metrics (time-bound)

• Expenses ratified: Rs. 61,069.41 for the period March 16, 2026, to May 10, 2026.
• Ongoing legal matters: 18 Interlocutory Applications before NCLT Delhi Bench.
• Litigation duration: Proceedings pending since 2021.

What to track next

Investors should monitor future NCLT hearings regarding the maintainability of the pending applications and any updates on the revised resolution plan for the Fernhill Project.