Bloom Dekor Limited's 15th Creditors Meeting Approves Key Resolutions Amid Ongoing Insolvency Process

Bloom Dekor Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), held its 15th Committee of Creditors (CoC) meeting on September 18, 2025, marking a significant milestone in the company's ongoing financial restructuring efforts.

Key Resolutions and Appointments

The meeting, which concluded with e-voting on September 30, 2025, saw unanimous approval for several crucial resolutions:

1. Legal Representation: The committee approved the appointment of Senior Counsel Mr. Gaurav Mitra at a professional fee of Rs. 1.25 lakh per hearing, to be considered as part of the CIRP costs.

2. Site Supervision: Mr. Sachin Khandare was appointed as Site Supervisor based in Pune for ongoing doors projects, replacing Mr. Ganesh Warade. Khandare's compensation package includes a monthly salary of Rs. 29,000.00 plus a petrol allowance of Rs. 3,500.00.

3. CIRP Expenses: The committee approved and ratified various expenses related to the CIRP and the ongoing operations of the Corporate Debtor.

4. Shareholder Communication: Approval was granted for quotations from Shree Progressive Courier Service to dispatch physical letters containing web-links for accessing the complete Annual Report to shareholders who haven't registered their email addresses.

5. Company Secretary Search: The committee approved hiring iPlace Consultancy to assist in appointing a new Company Secretary, as required by the Companies Act, 2013.

Pending Legal Matters

Bloom Dekor Limited continues to navigate through legal challenges:

• Appeals filed by the successful resolution applicant (Company Appeal (AT) (Insolvency) No. 1401 & 1402 of 2024) are pending before the National Company Law Appellate Tribunal (NCLAT), with the next hearing scheduled for November 4, 2025.
• A separate appeal filed by the EPFO department (Comp. App. (AT) (Ins) No. 1618 of 2024) has been disposed of in favor of the Corporate Debtor, with the NCLAT affirming that no error was committed by the lower tribunal in rejecting the EPFO's application.

Changes in Key Personnel

The company announced that CS Tushar Dineshbhai Donda resigned from his position as Senior Company Secretary and Compliance Officer, effective November 19, 2024. Following this change, CA IP Vineeta Maheshwari, the Resolution Professional, has taken charge of communications related to the CIRP.

As Bloom Dekor Limited continues its journey through the insolvency process, these developments demonstrate the company's commitment to transparency and adherence to legal procedures. Stakeholders will be keenly watching the upcoming NCLAT hearing in November, which could potentially impact the direction of the company's restructuring efforts.