BIL VYAPAR LIMITED: Revised Outcome of 16th Committee of Creditors Meeting in CIRP
BIL VYAPAR LIMITED, listed on NSE, informed the exchange of a revised outcome from the 16th meeting of its Committee of Creditors. The company is undergoing CIRP under the Insolvency and Bankruptcy Code, 2016. The revised outcome appears to reflect developments in the resolution plan approval process. The specific resolution plan terms, bidder identity, and consideration amount have not been disclosed in the public filing.
Why it mattersThe revision of CoC meeting outcome at the 16th stage suggests either refinement of resolution plan terms under Regulation 39, CIRP Rules 2016, or clarification of voting/approval mechanics prior to potential NCLT approval.
SectorIndustrial Products & Cement
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Sources
- NSE Archives – NSE Outcome Disclosure Filing · official
- NSE Corporate Filings Database · official
- Insolvency and Bankruptcy Board of India (IBBI) Registry · official
- IBBI orders · official
- NCLT orders · official