IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURT - 1, AHMEDABAD
Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 10 June 2026
Case Overview
This proceeding, registered as IA(Plan)/8(AHM)2026 in CP(IB) 127 of 2020, arises from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter involves Karan Monomers Pvt Ltd as the applicant and Bloom Dekor Ltd as the respondent. The specific hearing concerned the consideration of a resolution plan for Bloom Dekor Ltd. The Resolution Professional (RP) filed an additional affidavit and a purshish detailing the salient features of the proposed resolution plan. The tribunal heard final submissions from all represented parties in a hybrid mode hearing.
Final Outcome
The bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, reserved its order. No final decision, approval, or rejection of the resolution plan was issued on this date. The matter is now under consideration awaiting the tribunal's final written order.
Topics: Corporate Insolvency, NCLT Proceeding