Outcome of the 16th Committee of Creditors Meeting of M/s. Bloom Dekor Limited which is currently undergoing Corporate Insolvency Resolution
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Bloom Dekor Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP), held its 16th CoC meeting on October 8, 2025, with e-voting closing on October 14, 2025. The Resolution Professional (CA Vineeta Maheshwari) reported that several resolutions were approved by 100% majority, including raising interim finance from CoC members and other financial institutions to meet immediate funding needs. The committee also approved the appointment of a Business Development Manager at an annual CTC of Rs. 7.30 lakh, re-appointment of company secretarial consultants at Rs. 2.60 lakh, Diwali bonus for employees, renewal of Workman Compensation policy, and ratification of CIRP and going-concern expenses. An appeal by the successful resolution applicant against the NCLT order on the resolution plan (IA(Plan) 24(AHM) 2024 in CP(IB) 127 of 2020) remains pending at NCLAT, next listed on November 4, 2025.
The company continues to operate as a going concern under CIRP with creditor-backed interim funding, but shareholders remain in limbo as the resolution plan approval is still under appeal at NCLAT. The delay in finalizing the resolution plan extends uncertainty for equity holders, though routine operational and employee-related expenses are being managed.