BIL VYAPAR LIMITED has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Minutes of 11th meeting of Committee of Creditors
BILVYAPAR · price
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BIL Vyapar Limited (formerly Binani Industries Limited) has submitted the minutes of its 11th Committee of Creditors (CoC) meeting held under the Corporate Insolvency Resolution Process (CIRP). The CoC ratified expenses of Rs 4,59,155.98 and approved appointments of two valuation entities: R&A Valuation represented by Mr Abhinav Rajvanshi and G N Fair Valuation Pvt Ltd represented by Neeru Gupta, each at fees of Rs 60,000 plus taxes. The CoC also ratified the appointment and fees of Namawala Associates in the matter. This indicates the company is in an active insolvency resolution process with creditors overseeing administrative expenses and professional appointments.
The ongoing CIRP indicates the company is undergoing financial restructuring under creditor supervision. This filing is routine administrative disclosure showing normal progress in the resolution process, but confirms the company remains under insolvency proceedings which continues to be a key factor for shareholders.