Ansal API The Fernhill Sector 91, Gurgaon

The possession date for units in Ansal API The Fernhill was slated for August 2018.

Homebuyers of Ansal Fernhill in Sector 91 protested against the developer due to the delayed possession of flats, even 11 years after the project's launch. Around 70 homebuyers claimed they had paid 95%-100% of the project cost but were yet to receive possession.

The National Company Law Tribunal (NCLT) initiated the Corporate Insolvency Resolution Process (CIRP) against Ansal Properties & Infrastructure Ltd. The action was due to delays in the Fernhill project and alleged financial irregularities.

The National Company Law Tribunal (NCLT) agreed to initiate insolvency proceedings against Ansal Properties & Infrastructures (Ansal API) based on a petition filed by 126 buyers of 'The Fernhill' project in Sector 91, Gurugram, who alleged delays and defaults in project delivery. The promised possession period of 48 months, ending in July 2017, was not met, and the units remained incomplete even after a grace period that ended on January 30, 2018.

The National Company Law Appellate Tribunal (NCLAT) confined the Corporate Insolvency Resolution Process specifically to the Fernhill project, ensuring focused resolution efforts.

The Insolvency Resolution Professional (IRP) invited Expression of Interest (EoI) for the Fernhill Project in Gurgaon. As of February 20, 2023, the IRP had received 489 claims amounting to Rs 351 crore from homebuyers.

Nearly 600 families who booked flats in the Fernhill Group Housing Project in Sector 91 in 2011 are still waiting for their homes. Buyers had collectively paid over Rs 274 crore, and the project deadline was 2018. The Department of Town and Country Planning has approved a new builder to resume construction.

The National Company Law Tribunal (NCLT) has remanded the resolution plan for Ansal Properties & Infrastructure's Fernhill Project back to the Committee of Creditors (CoC) for reconsideration due to homebuyers' objections and belated claim issues. The Resolution Professional convened the 44th CoC meeting to discuss NCLT's directions and seek a 60-day extension for the Corporate Insolvency Resolution Process.

Ansal Properties and Infrastructure informed the stock exchanges about the 48th meeting of the Committee of Creditors of Fernhill Project, scheduled to be held on January 27, 2026.