Regulatory11 Jul 2026, 03:50 pm
Bil Vyapar Ltd: Committee of Creditors Approves Resolution Plans & Expenses
AI Summary
Bil Vyapar Ltd has submitted minutes of the 14th Meeting of the Committee of Creditors, detailing key approvals under the SEBI LODR Regulations. The committee took note of the Asset Tracing Report and Transaction Audit Report. They also reviewed belated claims from creditors and discussed resolution plans received after observation. Approved CIRP expenses and ratified the extension for resolution plan submission until June 18th. Estimated future expenses, including legal and travel, were also approved, along with a ratification of expenses amounting to ₹6,80,822.19.
Key Highlights
- Committee of Creditors reviewed asset tracing and transaction audit reports.
- Belated creditor claims and resolution plans were discussed.
- CIRP expenses approved, and submission deadline extended to June 18th.
- Estimated future expenses and past expenses ratified.
Price Impact
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