
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.
Price Impact
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