The 8th Meeting of Committee of Creditors of Kobo Biotech Limited was held on Thursday, 15th May,2025 at 03:45 p.m. at 215, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri ....
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Kobo Biotech Limited, which is under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Hyderabad order dated 17 January 2025, held its 8th meeting of the Committee of Creditors on 15 May 2025 via video conferencing. The CoC is dominated by J M Financial Asset Reconstruction Company Ltd, which holds 99.12% voting share, while Omkara Assets Reconstruction Private Limited holds the remaining 0.88%. Draft minutes and an excel sheet for sharing financial proposals with Resolution Applicants were circulated to CoC members on 17 May 2025. A Resolution Professional (Namrata Randeri) is currently managing the company's insolvency proceedings.
The company remains under insolvency proceedings and is awaiting a resolution plan from potential applicants. For shareholders, this signals ongoing financial distress with no clear timeline for revival or value recovery, and equity holders typically face significant dilution or loss in such IBC processes.