BIL VYAPAR LIMITED has informed the Exchange about Corporate Insolvency Resolution Process
BILVYAPAR · price
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BIL Vyapar Limited, currently under Corporate Insolvency Resolution Process (CIRP), informed the exchanges about the outcome of its 6th Committee of Creditors (CoC) meeting. The CoC meeting was held on 13th March 2026, with e-voting concluding on 23rd March 2026. The creditors approved the Request for Resolution Plan (RFRP) and Evaluation Matrix documents, which are key steps toward inviting and evaluating bids for reviving the company. They also ratified the CIRP costs and approved the appointment and fees of Pawan Vani & Associates as Tax Consultant. The filing was signed by the Company Secretary cum Compliance Officer on 26th March 2026.
For shareholders, this signals that the insolvency process is progressing — the company is moving closer to finalizing a resolution plan. However, equity holders remain at risk as outcome under CIRP typically results in significant dilution or loss of value for existing shareholders.