Business Update4 May 2026, 12:34 pm
Bloom Dekor: CoC Approves Resolution Plan
AI Summary
The 23rd Committee of Creditors (CoC) meeting of Bloom Dekor Limited approved the resolution plan submitted by Dr. Sunil Gupta & Mr. Karan Singh Wilkhoo, declaring them as the Successful Resolution Applicant. The CoC agreed that liquidation should be considered as a last resort and ratified various expenses, including courier expenses of ₹140.00, going concern expenses of ₹48,56,966.46, and professional fees for legal vetting and filings related to the resolution plan. The change in designation of Mrs. Falguni Rajanbhai Shah was also ratified.
Key Highlights
- CoC approved resolution plan by Dr. Sunil Gupta & Mr. Karan Singh Wilkhoo.
- Liquidation to be considered only as a last resort.
- Expenses of ₹48,56,966.46 for Corporate Debtor approved as CIRP costs.
- Legal vetting fee of ₹40,000 for Advocate Darshan Solanki approved.
- Filing fees of ₹1,00,000 for Advocate Ravi Pahwa approved.