The 12th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Friday, 4th July,2025 at 03:45 p.m. at 215, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri West, ....
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Awaiting price reaction for this filing.
Kobo Biotech Limited, which is under the Corporate Insolvency Resolution Process (CIRP), held its 12th Committee of Creditors meeting on 4th July 2025 via video conferencing. The meeting was attended by J M Financial Asset Reconstruction Company Ltd (holding 99.12% voting share) and Omkara Assets Reconstruction Private Limited (holding 0.88% voting share). The key items discussed included the CIRP cost sheet (7th version) and the cost sheet for operational expenses, both of which were circulated to CoC members for approval. The voting period ran from 6th July to 11th July 2025. A Resolution Professional, Namrata Amol Randeri, is managing the process following an NCLT Hyderabad order dated 17th January 2025 admitting the company into insolvency.
This filing confirms Kobo Biotech remains in active insolvency proceedings with no resolution plan yet approved. For shareholders, this means the stock is highly distressed and resolution outcomes are uncertain, as financial creditors (asset reconstruction companies) hold virtually 100% of the voting power and equity holders typically receive little to nothing under IBC resolution.