Fairdeal International, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Geotech World Wide, the Corporate Debtor. The petition was filed before the Adjudicating Authority on 2018-09-12, alleging that the Corporate Debtor, a division of Neo Corp. International Ltd., failed to pay Rs. 1,23,050.00, the principal amount due as of 2015-09-19, the date of default.
Fairdeal International (Operational Creditor) filed a petition under Section 9 of the IBC to initiate CIRP against Geotech World Wide (Corporate Debtor), a division of Neo Corp. International Ltd. The petition was filed due to the Corporate Debtor's failure to pay a sum of Rs. 1,23,050.00, with the date of default being 2015-09-19. Neo Corp. International Ltd. was already under CIRP based on an order dated 2019-09-19. Geotech World Wide is not a separate legal entity but a division of Neo Corp. International Ltd. The petition was filed on 2018-09-12.
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Fairdeal International, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Geotech World Wide, the Corporate Debtor. The petition was filed before the Adjudicating Authority on 2018-09-12, alleging that the Corporate Debtor, a division of Neo Corp. International Ltd., failed to pay Rs. 1,23,050.00, the principal amount due as of 2015-09-19, the date of default.
Fairdeal International (Operational Creditor) filed a petition under Section 9 of the IBC to initiate CIRP against Geotech World Wide (Corporate Debtor), a division of Neo Corp. International Ltd. The petition was filed due to the Corporate Debtor's failure to pay a sum of Rs. 1,23,050.00, with the date of default being 2015-09-19. Neo Corp. International Ltd. was already under CIRP based on an order dated 2019-09-19. Geotech World Wide is not a separate legal entity but a division of Neo Corp. International Ltd. The petition was filed on 2018-09-12.
Neo Corp. International…
The date on which the Corporate Debtor…
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