Hindusthan National Glass & Industries Limited — Others, 20-06-2025: Corporate Insolvency Resolution Process

Hindusthan National Glass & Industries has announced a board meeting. The National Company Law Tribunal (NCLT), Kolkata Bench, ruled that a party has the right to intervene in the company’s Corporate Insolvency Resolution Process (CIRP). The NCLT also directed the Insolvency and Bankruptcy Board of India (IBBI) to replace the current Resolution Professional, signaling potential changes in the insolvency management. This development may impact the company’s ongoing restructuring and is a key update for stakeholders monitoring the CIRP progress.