ANSAL BUILDWELL LIMITED

Key Quantitative Figures

  • Total Resolution Plan Value: ₹321,33,36,000 (Three Hundred Twenty-One Crore Thirty-Three Lakh Thirty-Six Thousand)
  • Fair Value of Corporate Debtor: ₹140,51,75,269
  • Liquidation Value: ₹112,50,88,721
  • Performance Guarantee Amount: ₹5.0 crore (Bank Guarantee No. 46150ILG000925, Expiry: 18.01.2026)
  • Upfront Capital Infusion: ₹20 crore (in three tranches: ₹10cr initially, ₹5cr at T+240 days, ₹5cr after Phase I completion)

Payment Schedule to Creditors

Secured Financial Creditors (1.48% voting share, abstained)
  • Claim Amount: ₹608.89 lakhs
  • Admitted Amount: ₹608.89 lakhs
  • Realizable Amount: ₹608.89 lakhs (100% recovery)
  • Payment Terms: 20% within 30 days of Effective Date, 30% within 12 months, 50% balance within 24 months
Unsecured Financial Creditors - Homebuyers (98.52% voted in favor)
  • Claim Amount: ₹68,622.16 lakhs
  • Admitted Amount: ₹68,597.30 lakhs
  • Realizable Amount: ₹31,260.00 lakhs (45.55% recovery)
Operational Creditors
  • Government Dues: ₹4.56 lakhs (100% recovery, within 30 days)
  • Employees: ₹19.24 lakhs (82.40% recovery, within 30 days)
  • Other Operational Creditors: ₹406.58 lakhs admitted, ₹40.65 lakhs realizable (4.08% recovery, within 30 days)

Implementation Timeline

  • T+30 days: Payment to operational creditors and upfront infusion
  • T+90 days: Appointment of new directors and share issuance
  • T+180 days: Receipt of approvals/licenses (subject to authority timelines)
  • T+240 days: Second capital infusion (₹5 crore)
  • T+270 days: Completion of Phase I construction (Towers 7,8,9,10 + commercial) with 180-day grace period
  • T+720 days: Completion of Phase II construction (Towers 1,2,3,4 + EWS) with 130-day grace period
  • T+1368 days: Completion of Phase III construction (Towers 5,6) with 150-day grace period

Construction Cost Estimates

  • Phase I (Towers 7,8,9,10): ₹150.94 crore (Construction: ₹127.92 crore + GST: ₹23.02 crore)
  • Phase II (Towers 1,2,3,4, EWS, Shops): ₹100.61 crore (Construction: ₹83.27 crore + GST: ₹15.34 crore)
  • Phase III (Towers 5,6): ₹64.15 crore (Construction: ₹54.37 crore + GST: ₹9.79 crore)
  • Total Construction Cost: ₹179.86 crore

Monitoring Committee

To be constituted within 7 days of Effective Date comprising:

  • 2 representatives of Resolution Applicant
  • 2 representatives of CoC
  • 1 independent insolvency professional (Monitoring Professional)

Effective Date and Conditions

The Effective Date is the date when the Resolution Plan is approved by NCLT and the order copy is received by the Resolution Applicant. The moratorium under Section 14 ceases from the order date.

Additional Details

  • The resolution plan was approved by CoC with 98.52% voting share in the 14th CoC meeting on 02.04.2024
  • The corporate debtor was admitted into CIRP on 21.04.2023
  • MSME registration was obtained post-CIRP initiation on 21.02.2024 as directed by CoC for availing concessional finance
  • IA 4241/ND/2024 regarding PUFE transactions is pending and listed for 17.07.2026
  • The RP stands discharged from duties except for implementation responsibilities