Physical Community Meeting – 21 February 2026
👉 No one will protect your land more than you. No outside authority will fight for your investment if you do not.
Silence maintains deadlock. Participation creates progress. Choose wisely.
21st February is observed as Language Day — a day that reminds us how people once stood united to protect their right to speak in their mother tongue. It symbolizes courage, voice, and collective awareness. On this meaningful day, we are gathering not for protest, but for responsibility. Just as language represents identity, our land represents our future security. This is an opportunity to speak your mind, to move beyond silence, and to participate consciously in decisions that protect your investment. History teaches us that silence delays progress — participation shapes it.
Why Reconstructing the Board of Directors Is the Only Way Forward?
A public limited company cannot function without an active Board.
If the Board is:
- Not communicating,
- Not executing,
- Not expanding leadership,
- Not building momentum,
Then the company slows down. And when a company slows down near a Court deadline, the risk increases.
This is not about blaming anyone.
This is about facing reality before it is too late.
A Short Background: How We Reached Here
During the insolvency process, 25 plot holders approached the NCLT court on behalf of 632 plot holders. They requested that the land be handed over to the plot holders so that we could complete development ourselves.
On 02.08.2023, the NCLT passed an order:
- The land would be developed by the plot holders.
- A Special Purpose Vehicle (SPV) would be formed.
- A timeline of 3 years was given.
- The project must be completed by 01.08.2026.
Following this order, a public limited company — Baruipur Bloomfield City Limited (BBCL) — was formed as the SPV.
Nine directors were appointed to run the company. From that point onward:
- The 25 applicants became ordinary plot holders.
- The Directors became the only legally authorised decision-makers.
This is important to understand: In a public limited company, only the Board of Directors can take official decisions.
Where Are We Now?
Nearly two and a half years have passed since the NCLT order.
Many plot holders feel:
- Development work has not started.
- Communication is irregular.
- Share issuance and compliance are incomplete.
- There is no clear roadmap with timelines.
After the August 2025 General Meeting, the Board reduced from nine directors to five.
Since then, visible progress has slowed further.
This has created a deadlock.
Deadlock does not mean bad intention. It means lack of movement.
But when a court deadline is approaching, lack of movement becomes a risk.
Why Time Matters Now
We have only a few months left before the court deadline of 01.08.2026.
If we later approach the court for extension, the court will ask:
- What work has been completed?
- What progress has been shown?
- What governance structure is active?
If we cannot show measurable action, extension becomes difficult.
This is not fear. This is practical reality.
Why Restructuring the Board Is Necessary
Restructuring does not mean attacking anyone.
It means:
- Adding active members.
- Increasing energy and manpower.
- Sharing responsibility.
- Restoring confidence.
A public limited company must have:
- An active Board.
- Regular communication.
- Clear decisions.
- Documented action.
If some directors are busy or unable to devote sufficient time, the responsible solution is to expand the Board and include new active members.
Many plot holders have already expressed willingness to serve.
Without Board approval, nothing moves.
That is why restructuring is not emotional — it is structural.
What Happens If We Do Nothing?
If the Board remains small and inactive:
- No major decision can be executed.
- No formal agreements can be signed.
- No compliance can be completed.
- No development can start.
In that case, the company becomes legally paralysed.
And paralysis under a court deadline is dangerous.
What Is the Proposed Path?
- Propose inclusion of 6–7 active plot holders as new directors.
- Request the current Board to approve this expansion.
- If required, seek guidance from the Monitoring Authority.
- If no cooperation is received, explore lawful remedies as a last option.
Legal action is not preferred. We are future neighbours.
But safeguarding 632 families’ investments must come first.
Why Silent Majority Must Now Decide
Most plot holders do not attend meetings. Most do not speak in groups.
But silence is also a choice.
If you remain silent:
- Others will decide for you.
- You must accept the outcome.
If you participate:
- You protect your investment.
- You strengthen your collective voice.
This is not about personalities. It is about governance.
Upcoming Physical Meeting
📍 Saturday, 21 February 2026 (Time and venue will be shared shortly)
Agenda:
- Land excavation concerns
- Restructuring of the Board
- Clear 30-day action plan before the next meeting on 14 March 2026
This meeting is important.
While online meetings continue to be our preferred format for regular discussions, this particular situation calls for a physical meeting to ensure clear understanding, collective alignment, and responsible decision-making.
Final Thought
No one will protect your land more than you.
No outside authority will fight for your investment if you do not.
Reconstructing the Board is not rebellion. It is responsibility.
We have a deadline. We have legal control. We have willing members.
What we need now is action.
The decision belongs to the majority.
Silence maintains deadlock. Participation creates progress.
Choose wisely.
Closing Note
All plot holders are encouraged to participate constructively and share their views calmly. Collective discussion and mutual understanding are essential for moving forward together as a community.
Minutes of Meeting (MoM)
Meeting Title
Save Baruipur Bloomfield City (BBCL) Community Meeting
Date and Time
Saturday, 21 February 2026
11:00 AM (Morning)
Platform
Physical Meeting
Venue: Rabindra Sarovar Stadium, Kolkata
Attendance Note
Approximately 60 (sixty) plot holders were physically present at the meeting. A signed attendance sheet was prepared; however, a few attendees did not sign the attendance register.
In addition, signed written support/consent copies from approximately 70 (seventy) plot holders were received before and/or after the meeting, and the same have been placed on record.
Opening Remarks
The meeting commenced with a two-minute silence as a mark of respect for the late Mr. Dilip Kumar Ghosh, an active member of the Core Committee. The attendees observed the silence in remembrance of his contributions and expressed their condolences.
Agenda
- Board Reconstitution and Induction of Additional Directors
- Adoption of Contractor-Based Development Model under SPV Structure
- Proposed Collective Visit to Project Site
Agenda-wise Discussion Summary
1. Board Reconstitution and Induction of Additional Directors
The Chair informed attendees about the NCLT Order dated 02.08.2023, under which development responsibility was entrusted to Baruipur Bloomfield City Limited (BBCL) with a stipulated timeline up to 01.08.2026.
Concerns raised during discussion included:
- Lack of visible administrative progress
- Reduced communication from the Board since the General Meeting held in August 2025
- Need for compliance, coordination, and execution within the remaining timeline
It was discussed that strengthening governance capacity may support timely compliance and execution within the NCLT-mandated period.
The proposed names for induction as Directors were read aloud.
Opportunity was given to attendees to express their views.
2. Adoption of Contractor-Based Development Model under SPV Structure
The Chair placed before the attendees the background of the NCLT Order dated 02.08.2023 and the SPV structure under which BBCL is operating.
Discussions included:
- Preservation of land ownership within BBCL
- Avoidance of transfer of development rights outside the SPV
- Ensuring milestone-based payments
- Maintaining compliance with the NCLT Order
- Ensuring contractual safeguards and Board supervision
It was clarified that the resolution adopts a development structure principle and does not approve any specific contractor.
Opportunity was given to attendees to express their views.
3. Proposed Collective Visit to Project Site
It was informed that a collective visit to the project site may be organized on the following Saturday for inspection of the current situation.
Details regarding time and coordination were not discussed in detail.
Decisions Taken
Resolution 1 – Board Reconstitution and Induction of Additional Directors
The meeting unanimously resolved to recommend the induction of the following individuals, being either plot holders or their duly authorized representatives, as Directors of BBCL, subject to applicable statutory compliance:
- Dr Anand Sagar – Plot C180
- Amitabha Mondal – Plot B041
- Sanjoy Roy – Plot B117
- Harmeet Singh Anand – Plot C024
- Dinabandhu Mondal – Plot C022
- Subash Dey – Plot B140
- Subash Chandra Bhadra – Plot A344
- Santi Dey – Plot A190
The existing Board was formally requested to:
- Consider and implement the recommendation
- Convene necessary Board Meeting(s)
- Pass appropriate resolutions
- Initiate statutory filings with the Registrar of Companies
- Complete induction formalities within 7 (seven) days from the date of the Resolution
It was further resolved that, in the event of non-implementation within 7 days, appropriate intervention, including filing before the Hon’ble NCLT, may be initiated as per applicable law.
The resolution was read aloud and passed with majority support of attendees present.
Resolution 2 – Adoption of Contractor-Based Development Model
The meeting unanimously resolved to adopt, in principle, a Contractor-Based Development Model under the SPV structure, wherein:
- Land ownership remains vested in BBCL
- No transfer of development rights takes place outside the SPV without explicit legal safeguards
- All contracts are executed by BBCL under Board supervision
- Payments are milestone-linked and performance-based
- Appropriate contractual safeguards are incorporated
- The development framework remains within the jurisdictional structure of the NCLT Order dated 02.08.2023
It was clarified that no specific contractor was approved at this stage.
The resolution was read aloud and passed with majority support of attendees present.
Action Items
Existing Board of Directors
- Consider and implement the recommended induction of additional Directors
- Convene necessary Board Meeting(s)
- Initiate statutory filings with the Registrar of Companies
- Complete induction formalities within 7 days
Concerned Plot Holders (Conditional)
- Initiate appropriate legal intervention, including filing before NCLT, in the event of non-implementation within 7 days
Way Forward / Next Steps
- Await response and action from the existing Board within 7 days regarding induction of recommended Directors
- Board to evaluate and structure implementation framework under Contractor-Based Development Model
- Collective visit to project site proposed for the following Saturday for inspection
These Minutes reflect the discussions and resolutions as conducted during the meeting chaired by Dr Anand Sagar on 21 February 2026.
Meeting Photos
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