Mumbai NCLT Orders CIRP Against CMP Euro Technoplast After ₹35.56 Crore Default To Italian Lender
Mumbai, August 12, 2026: The National Company Law Tribunal (NCLT) has admitted the insolvency petition filed by Italian firm C.M.P Industrie S.R.L against Belapur-based CMP Euro Technoplast Private Limited, a toy manufacturing company, over a financial default of €43.5 lakh, equivalent to Rs 35.56 crore. The order was passed by the NCLT after a petition was filed by CMP Industrie S.R.L., which…
On August 12, 2026, the National Company Law Tribunal (NCLT) in Mumbai issued an order to commence Corporate Insolvency Resolution Process (CIRP) against CMP Euro Technoplast Private Limited, an Indian toy manufacturing company. The decision followed a petition from Italian firm C.M.P Industrie S.R.L., which alleged that CMP Euro Technoplast had defaulted on a loan of €43.5 lakh, or Rs 35.56 crore.
The NCLT determined that the debt was genuine and crossed the threshold for initiating insolvency proceedings, considering the company’s closure and lack of revenue generation.
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