Bombay Rayon Fashions Ltd. said its committee of creditors will meet today to discuss the company’s corporate insolvency resolution process (CIRP).

The creditors will meet at 3:30 p.m. through online mode to discuss various agenda items related to the CIRP, Bombay Rayon said in a stock exchange announcement.

In March 2023, Bombay Rayon’s Resolution Professional Satish Kumar Gupta said a total of 13 suitors, including Arvind Ltd. and GBTL Ltd., were provisionally eligible to acquire the bankrupt company.

The National Company Law Tribunal initiated the insolvency resolution against the Mumbai-based company on 7 June 2022 following an application filed by Vikash Parasrampuria, sole proprietor of Charanjilal Yarn Traders.

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