BIL VYAPAR LIMITED has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Minutes of 9th meeting of Committee of Creditors.
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BIL Vyapar Limited (formerly Binani Industries Limited), which is under Corporate Insolvency Resolution Process (CIRP), has released minutes from its 9th Committee of Creditors meeting. The CoC approved cancellation of a prior agreement with Mina Venture Pvt Ltd, ratified expenses of Rs 4,59,155.98, and extended the CIRP timeline by 90 days. The resolution plan submission deadline has been extended to 12th May, 2026. Appointments of three valuers (R&A Valuation, G N Fair Valuation, and Namawala Associates) with combined fees of Rs 1,20,000 plus taxes were also ratified.
The extension of CIRP and resolution plan deadline indicates the insolvency process is ongoing with no final resolution yet reached. Shareholders should monitor for updates on potential resolution plans as the extended deadline approaches.