With the Supreme Court setting aside AGI Greenpac’s resolution plan for Hindustan National Glass (HNG) last month, the other ...
HNG, one of India’s oldest and largest container glass manufacturers, has been under corporate insolvency proceedings since 2021. AGI Greenpac and INSCO were the two contenders for HNGIL.
In a last ditch effort, the promoters of Hindustan National Glass has submitted an application with the Committee of Creditors to pay ₹1,950 crore and equity of 5 per cent as one-time settlement ...