Kobo Biotech Resolution Plan Misses NCLT Deadline

Key Dates and Timeline

• The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench approved the Resolution Plan submitted by Beaufond Industries Limited (Successful Resolution Applicant) on 11 May 2026.
• The implementation of the Resolution Plan was required to be completed within 60 days from the date of NCLT approval, making the deadline 10 July 2026.
• The disclosure date is 14 July 2026, which is 4 days after the implementation deadline.

Current Status

As of 14 July 2026, the Successful Resolution Applicant (Beaufond Industries Limited) has not completed the implementation of the Resolution Plan in accordance with the terms and timelines stipulated under the approved Resolution Plan.

Next Steps

The Monitoring Committee is convening a meeting to:

• Deliberate upon the present status of implementation of the Resolution Plan
• Consider the further course of action in relation to the non-implementation