Modern Packaging Industries, an operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Neo Corp International Limited, the corporate debtor. The petition was filed due to the corporate debtor's alleged failure to pay a sum of Rs. 5,64,415.00 as principal and Rs. 1,20,296.00 as interest, with the date of default being 23.07.2018. The corporate debtor is a public company incorporated on 15.02.1985.
Modern Packaging Industries, an operational creditor, filed a petition under Section 9 of the IBC to initiate CIRP against Neo Corp International Limited, the corporate debtor. The petition was based on the corporate debtor's failure to pay Rs. 5,64,415.00 as principal and Rs. 1,20,296.00 as interest, with the default date being 23.07.2018. The petition was filed on 03.10.2018. However, the corporate debtor was already undergoing CIRP under an order dated 19.09.2019. Neo Corp International Limited is a public company incorporated on 15.02.1985.
Sign in to view the parties.
Neo Corp Inter…
The Corporate…
Sign in to view related legal provisions.
Modern Packaging Industries, an operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Neo Corp International Limited, the corporate debtor. The petition was filed due to the corporate debtor's alleged failure to pay a sum of Rs. 5,64,415.00 as principal and Rs. 1,20,296.00 as interest, with the date of default being 23.07.2018. The corporate debtor is a public company incorporated on 15.02.1985.
Modern Packaging Industries, an operational creditor, filed a petition under Section 9 of the IBC to initiate CIRP against Neo Corp International Limited, the corporate debtor. The petition was based on the corporate debtor's failure to pay Rs. 5,64,415.00 as principal and Rs. 1,20,296.00 as interest, with the default date being 23.07.2018. The petition was filed on 03.10.2018. However, the corporate debtor was already undergoing CIRP under an order dated 19.09.2019. Neo Corp International Limited is a public company incorporated on 15.02.1985.
Neo Corp Inter…
The Corporate…
Sign in to view related legal provisions.