The 7th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Tuesday, 6th May,2025 at 03:45 p.m. at 215, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri West, ....
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Kobo Biotech Limited informed the stock exchanges about the 7th meeting of its Committee of Creditors held on May 6, 2025 via video conferencing. The meeting was attended by two financial creditors — J M Financial Asset Reconstruction Company (holding 99.12% voting share) and Omkara Assets Reconstruction Private Limited (0.88% voting share). Agenda items included approval of draft minutes from the previous meeting, an operational cost sheet from December 2024 to April 2025, and preliminary observations sent to resolution applicants. The voting window was from May 7 to May 9, 2025. The company is undergoing the Corporate Insolvency Resolution Process (CIRP) under the IBC, following an NCLT Hyderabad order dated January 17, 2025, with Namrata Amol Randeri acting as the Resolution Professional.
This is a routine procedural update in an ongoing insolvency resolution process; shareholders face significant uncertainty as the company's fate is being decided by creditors. Equity holders typically have minimal recovery prospects in such CIRP proceedings.