BIL Vyapar CoC ratifies expenses & valuer appointments

BIL Vyapar Limited (formerly Binani Industries Limited), currently undergoing Corporate Insolvency Resolution Process (CIRP), announced the minutes of its 11th Committee of Creditors (CoC) meeting. The CoC ratified several key agenda items, including expenses totaling ₹4,59,155.98. Additionally, the CoC approved the appointment of R&A Valuation entity, represented by Mr. Abhinav Rajvanshi, as a Co-ordinating Valuer for a fee of ₹60,000 plus taxes. G N Fair Valuation Pvt Ltd, represented by Neeru Gupta, was also ratified as a co-ordinating valuer for the same fee. The appointment and fees of Namawala Associates were also ratified. These approvals are crucial steps in the ongoing resolution process for the company.