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Bloom Dekor informs about outcome of CoC meeting

04 Apr 2024 Evaluate
Bloom Dekor has informed that the Sixth Meeting of CoC of Bloom Dekor-In CIRP was successfully convened on Friday, 29th March, 2024 wherein various matters were discussed as per the requirement of the Insolvency and Bankruptcy Code, 2016, key (material) decisions are as follows:- Resolutions which were approved by the requisite majority: Approved and ratified the expenses incurred in the going concern of the CD; Approved and ratified the expenses incurred in the Corporate Insolvency Resolution Process of the CD; Approved a resolution for an extension of the CIRP period above One hundred and eighty days; Ratified the reduction in the notice period for calling the CoC meeting from 2 days to 24 hours as per Regulation 19(2) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016; Approved the appointment of Advocate for the Brief Evaluation Report/Vetting of Resolution Plans received from the Resolution Applicants as per the provisions of IBC, 2016. The due discussions were carried out on the below-mentioned agendas: Discussed the urgent matters of the corporate debtor.

The above information is a part of company’s filings submitted to BSE.

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