BIL Vyapar Limited: Rachana Jhunjhunwala Appointed Resolution Professional
BIL Vyapar Limited announced the appointment of Ms. Rachana Jhunjhunwala as Resolution Professional by the NCLT, Kolkata Bench, on January 13, 2026. She replaces IRP Mr. Subodh Kumar Agarwal. The CoC unanimously approved her appointment.
The appointment of a Resolution Professional is a critical step in the insolvency resolution process. It signifies a progression in the formal proceedings, which can have a substantial impact on the company's operations, management, and eventual restructuring or resolution.
The appointment of a Resolution Professional is a procedural step in the CIRP and does not inherently indicate a positive or negative development for the company's financial performance or future prospects at this stage.
BIL Vyapar Limited (formerly Binani Industries Limited) has announced a significant change in its corporate insolvency resolution process (CIRP). The Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, through an order passed on January 13, 2026, in C.P. (IB)/46(KB)2025 and IA(LB.C)/49(KB)2026, has appointed Ms. Rachana Jhunjhunwala as the Resolution Professional (RP).
Ms. Jhunjhunwala, bearing Registration Number IBBI/IPA-001/IP-P00389/2017-18/10707, will now serve in place of the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agarwal. The NCLT's order was officially received by the company on February 4, 2026, after which the process of handover commenced.
The Committee of Creditors (CoC) had previously approved Ms. Jhunjhunwala's appointment as Resolution Professional with unanimous 100% voting. Her consent to act as RP was also placed on record. The NCLT allowed the application, formally appointing Ms. Jhunjhunwala and disposing of the matter.
What to do with a filing like this
BIL VYAPAR LIMITED filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by BIL VYAPAR LIMITED. Read the original for the full detail.