Dhruv Wellness Ltd — Updates, 05-05-2025: Company Update

Dhruv Wellness Limited is under Corporate Insolvency Resolution Process (CIRP) with Ashok Mittal appointed as Interim Resolution Professional (IRP) and reappointed as Resolution Professional (RP) by the Committee of Creditors (CoC). The CoC comprises Axis Bank and SBI Bank as financial creditors holding 53.23% and 46.77% voting rights respectively, along with the GST Department as an operational creditor. Claims totaling around ₹326 Cr from financial creditors and ₹9.7 Cr from operational creditors have been provisionally admitted. The RP has initiated valuation of securities and financial assets, coordinated claim verification, and arranged a CIRP bank account with Axis Bank. A contempt application will be filed against an operational creditor for non-payment of initial expenses. Monthly RP fees of ₹1 lakh plus GST were approved, alongside measures for efficient CoC meetings and controlled CIRP costs.