Outcome of Meeting of Committee of Creditors
Price
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Awaiting price reaction for this filing.
Bloom Dekor Limited, currently under Corporate Insolvency Resolution Process (CIRP), held its 13th Committee of Creditors meeting on May 10, 2025, with e-voting concluding on May 21, 2025. The meeting addressed an ongoing NCLAT appeal (filed July 2024) by the successful resolution applicant challenging the NCLT's July 16, 2024 order on approval of the Resolution Plan, with the next hearing scheduled for May 23, 2025. A separate EPFO appeal before NCLAT, listed for May 27, 2025, was also discussed. The CoC approved several resolutions with 100% majority, including action against a non-paying debtor, withdrawal of an arbitration proceeding, and ratification of CIRP and going-concern expenses.
The company remains in insolvency proceedings with no confirmed resolution plan yet, keeping equity shareholders in deep uncertainty. Investors should note that any favorable NCLAT ruling on the resolution plan could materially change the stock's value, but continued delays and pending litigation weigh on near-term prospects.