The 10th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Wednesday ,4th June,2025 at 03:45 p.m. at 215, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri ....
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Kobo Biotech Limited is undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Hyderabad order dated 17 January 2025. The Resolution Professional, Namrata Amol Randeri, informed BSE that the 10th meeting of the Committee of Creditors was held on 4 June 2025 via video conferencing. Only two financial creditors attended: J M Financial Asset Reconstruction Company Ltd (holding 99.12% voting share) and Omkara Assets Reconstruction Private Limited (0.88% voting share). Draft minutes were circulated on 5 June 2025, with the voting window running from 5 June to 7 June 2025 at 5:00 pm.
With insolvency already admitted and two asset reconstruction companies controlling virtually 100% of creditor voting rights, existing equity shareholders have very limited say in the outcome. A successful resolution plan will likely result in significant equity dilution or even loss of share value for current shareholders.