FORM A publication
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench has ordered the commencement of a Corporate Insolvency Resolution Process (CIRP) against Dhruv Wellness Limited, with the insolvency commencement date set as 18/02/2025. Mr. Ashok Mittal has been appointed as the Interim Resolution Professional (IRP) to oversee the process. Creditors have been asked to submit their claims with proof on or before 25/03/2025. The estimated date for closure of the insolvency resolution process is 17/08/2025, in line with the standard 180-day CIRP timeline under the IBC. The company, incorporated on 27/03/2015 with CIN L74900MH2015PLC263089, has its registered office in Malad East, Mumbai. Financial creditors must submit claims electronically, while other creditors can submit in person, by post, or electronically.
This is a significant negative event for shareholders — the company has entered formal insolvency, meaning equity holders are likely to face dilution or total loss depending on the resolution plan. The stock may see sharp volatility and trading restrictions. Creditors now drive the process, and the next 180 days are critical for determining whether the company can be revived or liquidated.