Serene Residency operates as a subsidiary of the publicly traded Ansal Properties and Infrastructure, , NCLT Order, NCLT resolution cases, Ansal Properties and Infrastructure (API), Interim Resolution Professional
Ansal Properties: The New Delhi bench of the National Company Law Tribunal (NCLT) has admitted the insolvency resolution application filed by the Indian Bank against the company and also appointed Navneet Kumar Gupta as interim resolution professional (IRP) for the company.
The bankruptcy court in New Delhi has taken a significant step by admitting the case of the Serene Residency Group Housing Project in Sector ETA II, following a default on dues amounting to approximately Rs 257 crore. This real estate entity operates as a subsidiary of the publicly traded Ansal Properties and Infrastructure Ltd.