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Resolution Plan for Hindusthan Glass to Change
Mint Mumbai
|June 09, 2025
INSCO was in a race with AGI Greenpac Ltd to acquire India's largest container glass manufacturer
Independent Sugar Corp. (INSCO) will submit a revised resolution plan worth ₹2,257 crore to Hindusthan National Glass & Industries Ltd's (HNGIL) committee of creditors in an attempt to turn around the bankrupt container glass manufacturer, a counsel involved in the matter said on the condition of anonymity.
The resolution plan has been revised following a Supreme Court directive that ordered INSCO to match its offer with its rival bidder.
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