Kobo Biotech Insolvency Petition
NCLT appointed Rajat Mukherjee as Chairman of Kobo Biotech's Monitoring Committee, replacing resigning Resolution Professional Namrata Randeri. The CoC had already approved the appointment.
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NCLT appointed Rajat Mukherjee as Chairman of Kobo Biotech's Monitoring Committee, replacing resigning Resolution Professional Namrata Randeri. The CoC had already approved the appointment.
Kobo Biotech reports that Beaufond Industries failed to implement the NCLT-approved resolution plan by the July 10 deadline. A Monitoring Committee meeting is convened for further action.
NCLT approved Beaufond Industries' ₹70.11 Crore resolution plan for Kobo Biotech. The plan involves a merger, fresh equity issuance, and settlement of all existing liabilities.
NCLT approved Beaufond Industries' ₹70.11 Crore resolution plan for Kobo Biotech Limited. The plan ensures business continuity through debt settlement and restructuring.