Outcome of 1st Committee of Creditors (COC) meeting held on 27 March, 2025, with voting concluded on 7 April, 2025, for Ansal Properties and Infrastructure Limited's Corporate Insolvency Resolution Process (CIRP).
Key resolutions passed include:
Continuation of Interim Resolution Professional (IRP) as Resolution Professional (RP).
Appointment of Interim Authorised Representatives for Financial Creditors (Home Buyers and Deposit Holders) and their fees.
Appointment of GTech Valuers Private Limited and Resurgent Valuers Private Limited as Registered Valuers and their fees.
Appointment of Legal Counsel to IRP/RP and fixation of fees.
Appointment of Advocate Gaurav Singh for minor/urgent filings before NCLT and other forums.
Approval for debit transactions from the Corporate Debtor's bank account.
Approval for shorter notice period for meetings.
Authorization/Delegation of Authority by IRP/RP to other members.
Revocation of Powers of Attorney issued by suspended directors before CIRP commencement and prohibition of new property registrations from 25 February, 2025.
CIRP commenced on 25 February, 2025, as per NCLT, New Delhi order.
Shri Navneet Kumar Gupta is the IRP appointed by NCLT to manage Ansal Properties & Infrastructure Limited.
Shri Jalesh Kumar Grover manages 'The Fernhill Project', Gurgaon as Resolution Professional.
Shri Navneet Kumar Gupta also manages 'The Serene Residency Group Housing Project', Greater Noida as Resolution Professional.