BIL VYAPAR LIMITED has informed the Exchange about General Updates
BILVYAPAR · price
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BIL Vyapar Limited (formerly Binani Industries Limited) has informed the stock exchanges that the Third meeting of the Committee of Creditors (CoC) will be held on 3rd February 2026. The company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, following an NCLT order dated 13th November 2025. The affairs of the company are being managed by Interim Resolution Professional (IRP) Mr. Subodh Kumar Agrawal. This is a routine procedural update related to the ongoing insolvency proceedings.
The stock is in insolvency resolution, which is typically negative for equity shareholders as they rank last in the priority of repayments. Ongoing CoC meetings indicate the resolution process is still in early stages with no resolution plan yet finalised, prolonging uncertainty for shareholders.