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

Hindusthan National Glass & Industries Limited has announced a board meeting. The Committee of Creditors has approved the Resolution Plan submitted by Independent Sugar Corporation Limited (INSCO), which has accepted the Letter of Intent and provided a Performance Bank Guarantee totaling INR 225.78 Cr in two tranches. The Resolution Professional has filed the application for approval of this plan with the National Company Law Tribunal, signaling progress in the company’s Corporate Insolvency Resolution Process. This development brings clarity on the company’s restructuring and potential future operations.