LUCKNOW: Over 100 investors staged a protest at the office of Ansal API in Lucknow after the National Company Law Tribunal (NCLT) started proceedings of company’s insolvency
The protesters demanded justice, claiming that their hard-earned money was stuck in the company’s projects.
The NCLT has appointed an interim resolution professional (IRP) to evaluate Ansal API’s projects in Lucknow, Noida, and other cities.
“Over 3,000 investors, who had booked plots, flats, villas, and commercial spaces in the company’s Sushant Golf City project, are now facing uncertainty. Some investors have been waiting for possession since 2009,” said protesters.
The angry allottees alleged that the Ansal API had collected over Rs 650 crore from investors in the past six months but did not use the funds to clear its debts.
Protesters announced that their agitation would intensify from Monday. They plan to meet Sarojini Nagar MLA Rajeshwar Singh and Defence Minister Rajnath Singh to seek their intervention. The investors expressed hope that Chief Minister Yogi Adityanath would help them get justice.
Company officials were not available for comments.
