26/2/2025, 12:54:03 pm

NCLT admits Ansal API into insolvency proceedings

The National Company Law Tribunal (NCLT) has admitted Ansal Properties and Infrastructure (Ansal API) into insolvency proceedings following a petition by IL&FS Financial Services, which claimed the company failed to repay a Rs. 257 crore loan. Ansal API disputes the amount, stating the debt is Rs. 83 crore, but NCLT ruled the debt exceeds the Rs. 1 crore threshold under the Insolvency.