Dhruv Wellness Ltd — Important, 20-08-2025: Company Update

Dhruv Wellness's Committee of Creditors (CoC) met, but critical resolutions faced significant abstentions, with 98.55% of voting share not approving. This includes the Resolution Professional's (RP) costs of ₹3.74 lakh, the Information Memorandum for potential buyers, and appointments for statutory and transaction audits. A proposal for a 6-month Corporate Insolvency Resolution Process (CIRP) extension and condonation for late claims, including ₹1.18 Cr from MAS Financial Services, also went unapproved. While 28 resolution applicants showed interest, a late earnest money deposit was rejected. The RP has filed action against the company's former management for non-provision of data and successfully recovered ₹3 lakh from a defaulter.