NCLAT has overturned NCLT's decision to replace Hindusthan National Glass Industries' resolution professional, instructing NCLT to reconsid...

Independent Sugar Corporation (INSCO) has presented a revised Rs 2,752 crore resolution plan to acquire Hindusthan National Glass & Industr...

The Supreme Court's decision in the Hindusthan National Glass insolvency case has increased the payout for creditors. Independent Sugar Cor...

The government is planning to amend the Insolvency and Bankruptcy Code (IBC) to streamline the resolution process. A key change involves Se...

Farallon Capital Management is evaluating a ₹1,400 crore financing package to support INSCO's ₹1,851 crore bid for Hindusthan National Glas...

JSW Energy is awaiting clearances, including CCI approval, before proceeding with its acquisition of KSK Mahanadi Power. The Supreme Court'...

State Bank of India has approved INSCO's takeover of Hindusthan National Glass after AGI Greenpac failed to get CCI approval. INSCO has unt...

INSCO has urged the Committee of Creditors to expedite their bid for Hindustan National Glass following the Supreme Court's nullification o...

The bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a doz...

CCI has now given a clean chit to INSCO on February 13 through an order dated February 6, 2024, dismissing the allegations leveled by AGI G...

Kotak Mahindra Bank-backed Phoenix ARC and Edelweiss Asset Reconstruction Company are interested in acquiring State Bank of India's loan to...

Lenders had voted for a plan given by AGI Greenpac in October 2022, but due to a series of litigations, the plan is yet to be approved by t...

Nearly 98% of lenders by value voted in favour of the plan presented by AGI Greenpac, earlier known as HSIL Ltd, while 88% of lenders voted...

Madhvani Group had emerged as the highest bidder in the first and the second round offering ₹1,800 crore and ₹1,850 crore, respectively, th...

Nirma Chemicals, makers of detergent soap and cosmetics, South Africa-based Madhvani Group and AGI Greenpac, which owns Hindware sanitary, ...

Danish beer maker Carlsberg, private equity funds Oaktree Capital and Cerberus, Nirma Chemicals and SNJ Distilleries are among a dozen enti...