I've personally heard of an elder body being dissolved in one case, and although I wasn't privy to the details, it was definitely a moral failing or lack of responsibility on the part of the elder body rather than failing to send in money, etc.
However I have no idea what "indecisiveness" means in connection with removing elders, so that's bizarre. Maybe they were too lenient, giving reproofs instead of disfellowshipping, but then I would think that the CO would give a talk about standing up for Watchtower principles, maybe throw in the story of Phinehas as an example or read Paul's instruction to disfellowship the man who lived with his father's wife from 1 Corinthians.