The bank accounts of Ansal API have been frozen by the receiver appointed by the National Company Law Tribunal (NCLT) as part of the ongoing insolvency proceedings. The restriction, imposed on Wednesday, prevents company officials from withdrawing funds. New account operators will now be appointed to manage financial transactions. This development marks a crucial step in the insolvency process of Ansal API, with further actions expected in the coming weeks. The receiver's team is also compiling records of home and plot bookings. To streamline the claims process for allottees, a toll-free helpline will soon be launched, and a dedicated online portal has been set up on the NCLT website for claim submissions. On Tuesday, NCLT-appointed receiver Navneet Gupta arrived in Lucknow and, under police security, inspected the Ansal office in Sushant Golf City. During his visit, he reviewed financial records and requested key documents related to the company's operations. A dedicated toll-free number will also be issued soon, allowing allottees to register queries and complaints regarding the Ansal dispute. Meanwhile, Lucknow Development Authority (LDA) officials are actively collecting and scrutinising land deal records of Ansal Properties & Infrastructure Limited. The other accused in the case include Sunil Kumar Gupta, Fernandez Patricia Atkinson, and Director Vinay Kumar Singh. The FIR was registered under sections 316(5), 318(4), 61(2), 352, 351(2), 338, 336(3), 340(2), 111 of the Bhartiya Nyay Sanhita (BNS) and Section 3 of the Prevention of Damage to Public Property Act, 1984. A senior LDA official said, "We are scrutinising every document related to the Ansal land deal since 2005. We aim to present our case with no loopholes when appearing before the tribunal."
 

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