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K-Lifestyle & Industries' Committee of Creditors has approved a 90-day extension for the Corporate Insolvency Resolution Process to finalize valuations and allow more time for resolution plan submissions. In a key decision for the bidding process, the CoC will not disclose the company's fair value in the Information Memorandum at this stage, aiming for a more competitive environment. Notably, the Resolution Professional agreed to forgo professional fees of ₹1.31 Crore, reducing total CIRP costs to approximately ₹3.91 Crore. The CoC also unanimously affirmed its confidence in the current Resolution Professional, opting for continuity to avoid delays and increased costs. Additionally, two expired lease deeds will be formally cancelled to ensure assets are unencumbered.