StockWatch
·
Trading & Distributors
Business Update26 Jun 2026, 04:01 pm

Dhruv Wellness Creditors Approve Resolution Plan

AI Summary

The Committee of Creditors (CoC) of Dhruv Wellness Limited, in its 9th meeting held on January 8, 2026, has approved a resolution plan submitted by M/s. Barouliya Fragrancia Private Limited, along with Mr. Rajesh Barouliya and Mr. Vineet Mittal. The approval was secured with a significant majority of 98.55% of the voting share. The meeting, chaired by Resolution Professional IP Ashok Mittal, also ratified the minutes of the 8th CoC meeting. This development marks a crucial step in the Corporate Insolvency Resolution Process (CIRP) for Dhruv Wellness Limited under the Insolvency and Bankruptcy Code, 2016.

Key Highlights

  • Creditors approved a resolution plan with 98.55% majority.
  • Resolution Plan submitted by Barouliya Fragrancia Pvt Ltd.
  • Meeting chaired by RP Ashok Mittal on January 8, 2026.
  • CIRP process under IBC, 2016 continues.
  • Minutes of 8th CoC meeting were approved.