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BILVYAPAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BIL Vyapar Limited (formerly Binani Industries Limited) has filed minutes from the 9th meeting of its Committee of Creditors (CoC) while under Corporate Insolvency Resolution Process (CIRP). The CoC approved several items including cancellation of an agreement with Mina Venture Pvt Ltd, ratification of expenses worth Rs 4,59,155.98, and extension of CIRP by 90 days. The CoC also ratified appointments of multiple valuation firms - R&A Valuation (fees Rs 60,000), G N Fair Valuation Pvt Ltd (fees Rs 60,000 plus taxes), and Namawala Associates. Most notably, the last date for submission of the Resolution Plan has been extended to 12th May, 2026.
The extension of both CIRP timeline and resolution plan deadline indicates the insolvency process is ongoing without a resolution being finalized yet. This signals continued uncertainty for shareholders as the company remains under the insolvency framework with no clear exit timeline.