Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday admitted a plea seeking insolvency process against Compuage Infocomm.
Plus Plus Unified Engagement, one of the financial creditors to the company, moved Section 7 application under the Insolvency and Bankruptcy Code to initiate insolvency proceedings against the company.
Section 7 petition was invoked by the creditor for resolution of an unresolved financial outstanding amount of 1.7 crore as on 31 March 2022.
Compuage is a distributor in the information technology and mobility space catering to resellers, retailers, brand stores, and system integrators in India. Plus Plus is in the business of consulting, advertising, publicity, sales promotion, public …
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