BIL Vyapar: Creditors Approve CIRP Extension, Other Resolutions

The Committee of Creditors of BIL Vyapar Limited approved several resolutions in its 9th meeting, including the extension of the Corporate Insolvency Resolution Process (CIRP) by 90 days. The committee also approved the cancellation of an agreement with M/s Mina Venture Pvt Ltd, ratified expenses of ₹4,59,155.98, and ratified the appointment of R&A Valuation and G N Fair Valuation as coordinating valuers with fees of ₹60,000 each plus taxes. Additionally, the last date for submission of the resolution plan was extended to May 12, 2026.