40th Meeting of Committee of Creditors for Fernhill project of Ansal Properties and Infrastructure Limited…
As filed · Ansal Properties & Infrastructure Limited has informed the Exchanges that the 40th Meeting of Committee of Creditors for Fernhill project of Ansal Properties and Infrastructure Limited, situated at Di
What happened
FactAnsal Properties and Infrastructure Limited is undergoing a Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, with its affairs managed by Interim Resolution Professional Shri Navneet Kumar Gupta. The Serene Residency Group Housing Project in Greater Noida is also under his management, while the Fernhill Project in Gurgaon is managed by Shri Jalesh Kumar Grover.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; +4 corroborating keywords; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%