NCLT order allows appointment of Chairman of Monitoring Committee in place of resigning Resolution Professional
NCLT Hyderabad Bench-I has allowed the application appointing Mr. Rajat Mukherjee as Chairman of the Monitoring Committee.
By ScoutQuest · · 2 min read
- NCLT Order Date
- order dated 6 October 2026, NCLT Hyderabad Bench-I
- Case / Application No.
- IA (IBC) No. 1390/2026 in CP (IB) No. 277/7/HDB/2023
- Appointment
- Mr. Rajat Mukherjee appointed Chairman of the Monitoring Committee, replacing Ms. Namrata Amol Randeri, Resolution Professional, who…
What the company informed the exchange
The company told BSE that 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, in the matter of JM Financial Asset Reconstruction Company Limited vs. Kobo Biotech Limited, allowing the application for appointment of a Chairman of the Monitoring Committee.
The order sheet shows the application was taken up along with IA (IBC) 1282/2026, and counsels for the applicant, the Resolution Professional and the SRA were present.
Who changed
- Mr. Rajat Mukherjee has been appointed as Chairman of the Monitoring Committee.
- He replaces Ms. Namrata Amol Randeri, Resolution Professional, who had tendered her resignation.
- The order records that Mr. Rajat Mukherjee's appointment had already been approved by the erstwhile Committee of Creditors, and that the statutory requirements had already been made.
- The application was allowed and disposed of.
The company's letter to the exchange is signed by Mr. Rajat Mukherjee as Insolvent Professional / Chairman of Monitoring Committee, for Kobo Biotech Limited (Under Monitoring Committee).
What else is in the same order sheet
- In IA (IBC) 1282/2026, the Tribunal directed that an amended cause title be shared.
- That matter was adjourned to 27.10.2026 for hearing before admission.
Why this matters, in simple terms
A monitoring committee is the body that oversees the process once a company is going through proceedings under the Insolvency and Bankruptcy Code before the NCLT. A change in who chairs that committee is a change in who runs the oversight of that process. Here, the earlier chairperson, who was also the Resolution Professional, resigned, and the Tribunal has formally allowed the person proposed and already cleared by the erstwhile Committee of Creditors to take the chair.
What this update is and is not
This is an intimation of a Tribunal order and a change of a role within the insolvency process. It does not, by itself, alter the company's shareholding, its business operations or its reported financials. For a retail investor, the useful takeaway is procedural: the oversight arrangement has been formally completed by the Tribunal, and the matter listed as IA (IBC) 1282/2026 is next before the Tribunal on 27.10.2026.
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