# In the matter of Bloom Dekor Limited

> NCLT judgment dated 3 Jul 2024. Citation: TCN-2024-NCLT-01078. The case involves an Interlocutory Application (IA) filed by the Employees Provident Fund…

- **Court:** NCLT
- **Order date:** 3 Jul 2024
- **Citation:** TCN-2024-NCLT-01078
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/bloom-dekor-limited-ead157ff

## Summary

### Background

The case involves an Interlocutory Application (IA) filed by the Employees Provident Fund Organisation (EPFO) against the Interim/Resolution Professional (RP) of M/s. Bloom Dekor Limited. The corporate debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on October 11, 2023. Following this, the RP published Form-A, inviting claims from creditors, to which the EPFO submitted a claim for statutory damages and interest related to provident fund dues.

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## Facts

The Regional Provident Fund Commissioner-II, Employees Provident Fund Organisation (EPFO), filed an Interlocutory Application (IA) No. 516 of 2024 against Ms. Vineeta Maheshwari, the Interim/Resolution Professional (RP) of M/s. Bloom Dekor Limited. The corporate debtor, M/s. Bloom Dekor Limited, was admitted into the Corporate Insolvency Resolution Process (CIRP) by an order dated October 11, 2023, under CP (IB) 127 of 2020.

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## Issues and analysis

### Issue 1: Whether the Resolution Professional was correct in rejecting the claim for statutory damages and…

**Ratio:** Once a moratorium is imposed under Sections 14 or 33(5) of the IBC, the respondent…

**Reasoning:** The court reasoned that the Insolvency Commencement Date (ICD) was October 11, 2023, and…

**Interpretation:** The court interpreted Sections 14 and 33(5) of the IBC, in conjunction with the…

**Application:** Applying this interpretation to the facts, the court noted that the EPFO's…

## Parties

- **Judges:** SHAMMI…; SAMEER…
- **Advocates:** For the Applicant:…; For the Respondent…

## Timeline

- **July 1, 2015 — Start of defau…**: Corporate Debtor defaulted in…
- **September 30, 2023 — End of defaul…**: Corporate Debtor defaulted in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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