The key contribution of this paper is to study the stability analysis of neutral-type Cohen-Grossberg neural networks possessing multiple time delays in the states of the neurons and multiple neutral delays in time derivative of states of the neurons. By making the use of a proper Lyapunov functional, we propose a novel sufficient time-independent stability criterion for this model of neutral-type neural networks. The proposed stability criterion in this paper can be absolutely expressed in terms of the parameters of the neural network model considered as this newly proposed criterion only relies on the relationships established among the network parameters. A numerical example is also given to indicate the advantages of the obtained stability criterion over the previously published stability results for the same class of Cohen-Grossberg neural networks. Since obtaining stability conditions for neutral-type Cohen-Grossberg neural networks with multiple delays is a difficult task to achieve, there are only few papers in the literature dealing with this problem. Therefore, the results given in the current paper makes an important contribution to the stability problem for this class of neutral-type neural networks.