The 14th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Monday,25th 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 informed BSE about its 14th Committee of Creditors (CoC) meeting held on 25th August 2025 via video conferencing. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under an NCLT Hyderabad order dated 17th January 2025. The sole CoC member with voting rights is J M Financial Asset Reconstruction Company Ltd, holding 99.12% voting share. Key items tabled included draft minutes, voting sheet, draft Form G, draft Expression of Interest (EOI), CIRP cost sheet, and a draft letter of forfeiture to CVK (the prospective resolution applicant). The voting period ran from 27th to 28th August 2025. Namrata Amol Randeri continues to act as the Resolution Professional.
The company remains under insolvency proceedings with no resolution plan yet approved. The forfeiture of the earlier resolution applicant (CVK) suggests a reset in the resolution process, which prolongs uncertainty for shareholders and keeps the stock in a distressed state.