COC meeting outcome for Fernhill project, both agenda items approved
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The 48th Committee of Creditors meeting for APIL's Fernhill project in Gurugram, held on 27 January 2026 (voting ended 1 February 2026), approved both agenda items: ratifying the appointment of Mr. Chimman Singh as site Manager/Engineer, and approving expenses incurred during the CIRP period till 15 January 2026. APIL remains under IBC insolvency, with CIRP currently confined to the Fernhill project by NCLAT order dated 13 January 2023. The project is managed by Resolution Professional Ashwini Kumar Grover.
Routine procedural update from the ongoing insolvency process. No resolution plan yet for Fernhill, so status quo continues for shareholders.