BIL VYAPAR LIMITED has informed the Exchange about outcome of 1st meeting of Committee of Creditors.
BILVYAPAR · price
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BIL Vyapar Limited is currently under the Corporate Insolvency Resolution Process (CIRP), with NCLT having admitted insolvency on 13th November 2025. The first meeting of the Committee of Creditors was held on 19th December 2025, with e-voting concluding on 26th December 2025. Key items approved include ratification of public announcement expenses, ratification of the Interim Resolution Professional's remuneration, and the appointment of Ms Rachna Jhunjhunwala as the Resolution Professional. The company, part of the Braj Binani Group, is now being managed by the IRP Mr. Subodh Kumar Agrawal as the resolution process moves forward.
The company is in the early stages of insolvency resolution, which carries high uncertainty for shareholders — equity could be significantly diluted or extinguished depending on the final resolution plan. The appointment of a Resolution Professional is a routine procedural step but signals that creditor-driven restructuring is actively underway.