The 2nd Committee of Creditors Meeting is to be held on 27th May, 2025 at 04:00 PM via virtual video conferencing mode.
Awaiting price reaction for this filing.
Dhruv Wellness Limited is under the Corporate Insolvency Resolution Process (CIRP), and its Resolution Professional (CA Ashok Mittal) has called the 2nd meeting of the Committee of Creditors on 27th May 2025 via video conferencing. Total admitted claims stand at Rs. 37.75 crore, with Axis Bank holding 55.81% voting share and SBI holding 41.42% — together accounting for over 97% of voting rights. Key agenda items include ratifying appointment of registered valuers (total fees ~Rs. 52,500), approving Form G to invite resolution plans from potential bidders, ratifying CIRP costs of Rs. 1,81,891, and discussing a transaction audit of the company for the past 3-5 years. The RP has also filed a Section 19(2) application against the suspended management for not providing required data, and a contempt application against applicant Mr. Deepak Jha for failing to remit Rs. 3 lakh as ordered by NCLT Mumbai (only Rs. 50,000 received so far).
Shareholders face high uncertainty as the company moves closer to inviting formal resolution plans, which could lead to restructuring, sale, or liquidation. The active legal actions against the suspended management and an applicant signal internal disputes, but the process is progressing as per IBC timelines with major secured creditors (Axis Bank, SBI) firmly in control of decisions.