The 13th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Monday, 4th August,2025 at 03:45 p.m. at 215, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri ....
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Kobo Biotech Limited, currently under the Corporate Insolvency Resolution Process (CIRP), held its 13th Committee of Creditors (CoC) meeting on 4th August 2025 via video conferencing. The CoC consists of J M Financial Asset Reconstruction Company Ltd (99.12% voting share) and Omkara Assets Reconstruction Private Limited (0.88% voting share). The meeting discussed matters including a query sheet for seeking legal opinion and an email from the Successful Resolution Applicant (SRA) requesting an extension of time for submission of the Performance Bank Guarantee (PBG). The voting period on the circulated minutes and items runs from 6th August 2025 to 11th August 2025.
The company remains under insolvency proceedings with a financial creditor dominating the process. Shareholders should note that equity dilution or resolution plan outcomes remain pending, and the extension request for PBG submission could delay final resolution.