The 11th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Thursday, 26th 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, which is under the Corporate Insolvency Resolution Process (CIRP), held its 11th meeting of the Committee of Creditors on 26th June 2025 via video conferencing. The CoC is dominated by J M Financial Asset Reconstruction Company Ltd with 99.12% voting share, while Omkara Assets Reconstruction Private Limited holds the remaining 0.88%. Draft minutes and a draft estimated liquidation cost were circulated on 28th June 2025, with voting on these items open until 2nd July 2025. A Resolution Professional (Namrata Amol Randeri) appointed by NCLT Hyderabad is overseeing the process.
The company remains under insolvency resolution with no resolution plan yet approved; the mention of an estimated liquidation cost suggests the process may be moving towards possible liquidation if no resolution plan is approved, which is negative for equity shareholders who are last in the priority list.