The 4th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Monday,13th January,2025 at 03:45 p.m. at BKC Centre,31-E, Laxmi Industrial Estate, New Link Road, Andheri ....
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Kobo Biotech Limited, currently under the Corporate Insolvency Resolution Process (CIRP), held its 4th meeting of the Committee of Creditors (CoC) on 13th January 2025 in Andheri, Mumbai. Three creditors attended the meeting, with J M Financial Asset Reconstruction Company Ltd holding a dominant 90.97% voting share, followed by Indian Overseas Bank at 5.96% and Canbank Factors Limited at 1.93%. The draft minutes and voting sheet were circulated to CoC members on 13th January, with the voting period running from 13th January to 14th January 2025 at 8:00 PM. The intimation was filed by the company's Resolution Professional under SEBI LODR Regulations.
The company remains under insolvency proceedings, and the ongoing CoC meetings indicate that a resolution plan is still being worked out among creditors. Shareholders should note that until a resolution plan is approved, the stock remains highly risky with potential for value erosion or even delisting depending on the outcome.