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BILVYAPAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BIL Vyapar Limited (formerly Binani Industries Limited) has submitted minutes of its 11th Committee of Creditors meeting. The company, which is under Corporate Insolvency Resolution Process (CIRP), disclosed that the Committee ratified: expenses of Rs 4,59,155.98; appointment of R&A Valuation (represented by Mr Abhinav Rajvanshi) as Co-ordinating Valuer at fees of Rs 60,000 plus taxes; appointment of G N Fair Valuation Pvt Ltd (represented by Neeru Gupta) as Co-ordinating Valuer at fees of Rs 60,000 plus taxes; and appointment and fees of Namawala Associates. These are routine administrative matters related to the ongoing insolvency proceedings.
This is a routine disclosure for a company in insolvency. The ratification of valuer appointments indicates the CIRP process is progressing. Shareholders should note the company remains under creditor control through the Committee of Creditors, and any recovery for equity holders depends on the resolution outcome.