Key Development
The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-I, passed an order dated 6 October 2026 in IA (IBC) No. 1390/2026 in CP (IB) No. 277/7/HDB/2023 (JM Financial Asset Reconstruction Company Limited vs. Kobo Biotech Limited).
Order Details
The application was for appointment of a Chairman of the Monitoring Committee. The NCLT allowed the application and appointed Mr. Rajat Mukherjee as the Chairman of the Monitoring Committee. This appointment is in place of Ms. Namrata Amol Randeri, Resolution Professional, who had tendered her resignation.
The order records that:
- The proposed appointment of Mr. Rajat Mukherjee had already been approved by the erstwhile Committee of Creditors
- All statutory requirements had been complied with
The application was accordingly allowed and disposed of by the NCLT.
Additional Proceedings
The order sheet also references IA (IBC) 1282/2026, which has been adjourned to 27 October 2026 for hearing before admission, with instructions to file amended cause title.
Financial Impact
Financial impact not quantified in the disclosure. The disclosure pertains to administrative leadership change within the corporate insolvency resolution process framework.