The Financial Deep Dive
BIL Vyapar Limited, formerly known as Binani Industries Limited, has officially commenced its Corporate Insolvency Resolution Process (CIRP) by publishing Form G, a crucial invitation for Expressions of Interest (EOI). This development, overseen by Interim Resolution Professional (IRP) Mr. Subodh Kumar Agrawal appointed by the National Company Law Tribunal (NCLT), signals a critical juncture for the company.
The Numbers: The financial health of BIL Vyapar appears severely compromised. For the financial year 2024-2025, the company reported a staggering zero total revenue and a minimal other income of only ₹2,51,000. Compounding this distress, the company declared nil employees, indicating a near-complete…