Property investment issues

[User_f2c9ceb9]

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User_f2c9ceb9
PARTICIPANT
March 9, 2025 at 11:59 am

I need some guidance regarding a property investment issue. We invested in a property through ansal properties & infrastructure ltd that has now declared bankruptcy. The Lucknow government is reportedly taking action against the company, but our property is located in a different city, and we’re unsure how to get involved.

If you’ve been through something similar or know what steps we should prioritize, please let me know

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[Cleversajal8453]

C

Cleversajal8453
PARTICIPANT
March 9, 2025 at 12:26 pm

First and foremost file a complaint with the Police, a detailed complaint with the details of invested amounts.
In due course, the government is likely to return the amounts in a phase-wise manner or work out a solution for investors who may have been swindled.
Consult others in a similar scenario (same company), you will be able to get a lot of insight.

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[Happyshark11]

H

Happyshark11
PARTICIPANT
March 9, 2025 at 1:13 pm

If a company has declared bankruptcy, then you will need to file a claim form before the IRP or Liquidator.

If you think the directors committed fraud and have misappropriated the money, you may file complaint with the Police.

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[User_f2c9ceb9]

U

User_f2c9ceb9
OP
March 9, 2025 at 3:05 pm

Ok thanks for the advice

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