Ansal Hi Tech Township
HDFC invokes 50 lakh pledged shares of Ansal Housing for recovery of dues
The country's largest mortgage lender HDFC on Thursday said it has invoked 50 lakh pledged shares of Ansal Housing as part of recovery of its outstanding dues from the developer. Ansal Housing is engaged in the business of construction and development of residential townships and commercial complexes. "For the purpose of recovery of part outstanding dues against loans availed by certain pledgers/borrowers, the Corporation on June 15, 2022, invoked the pledge on 50,00,000 shares of Ansal Housing Ltd (Ansal) aggregating 8.42 per cent of its paid-up share capital, pledged with the Corporation by the said pledger/borrower," HDFC said in a regulatory filing. Ansal Housing's turnover in 2021-22 was Rs 204.40 crore, and the net worth was Rs 146.23 crore. Stock of HDFC closed at Rs 2,057.45 apiece on BSE, down by 2.28 per cent, while Ansal Housing rose 9.96 per cent to Rs 7.95.
 "HDFC invokes 50 lakh pledged shares of Ansal Housing for recovery of dues")
NCLAT sets aside insolvency proceedings against Ansal Properties and Infra
A three-member NCLAT bench observed that a decree-holder cannot be treated as financial creditor for the purpose of triggering insolvency proceedings against a company
 "NCLAT sets aside insolvency proceedings against Ansal Properties and Infra")
Ansal Housing reports 'default' on loans worth Rs 315.63 crore
In a regulatory filing, the company informed that its total loan amount outstanding from banks and financial institutions stood at Rs 498.57 crore as on December 31
 "Ansal Housing reports 'default' on loans worth Rs 315.63 crore")
Police registers FIR against Ansal builders over duping, cheating investors
Aafter over five years of booking, no sign of development was visible
 "Police registers FIR against Ansal builders over duping, cheating investors")
