The case involves multiple Company Appeals challenging orders related to the Corporate Insolvency Resolution Process (CIRP) of Hindustan National Glass & Industries Limited. The CIRP commenced on 21.10.2021. The Resolution Plan of AGI Greenpac Pvt. Ltd. was initially approved but later rejected by the Supreme Court due to lack of prior CCI approval. Subsequent intervention petitions and conflicting opinions within the Adjudicating Authority led to the present appeals.
The CIRP against Hindustan National Glass & Industries Limited commenced on 21.10.2021.
Girish Siriram Juneja was appointed as Interim Resolution Professional and later confirmed as Resolution Professional.
AGI Greenpac Pvt. Ltd.'s Resolution Plan was initially approved by the CoC with 98% vote share on 27.10.2022.
The Supreme Court rejected AGI Greenpac's Resolution Plan due to the lack of prior CCI approval.
Respondent No.1, an Operational Creditor, filed Intervention Petition No.5 of 2025 seeking intervention and removal of the Resolution Professional.
The Adjudicating Authority passed conflicting orders on 30.04.2025, with the Judicial Member directing the IBBI to remove the RP, and the Technical Member disagreeing.
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Corporate Insolvency Resolution Process (CIRP)…
The Resolution Plan submitted by AGI Greenpac…
The case involves multiple Company Appeals challenging orders related to the Corporate Insolvency Resolution Process (CIRP) of Hindustan National Glass & Industries Limited. The CIRP commenced on 21.10.2021. The Resolution Plan of AGI Greenpac Pvt. Ltd. was initially approved but later rejected by the Supreme Court due to lack of prior CCI approval. Subsequent intervention petitions and conflicting opinions within the Adjudicating Authority led to the present appeals.
The CIRP against Hindustan National Glass & Industries Limited commenced on 21.10.2021.
Girish Siriram Juneja was appointed as Interim Resolution Professional and later confirmed as Resolution Professional.
AGI Greenpac Pvt. Ltd.'s Resolution Plan was initially approved by the CoC with 98% vote share on 27.10.2022.
The Supreme Court rejected AGI Greenpac's Resolution Plan due to the lack of prior CCI approval.
Respondent No.1, an Operational Creditor, filed Intervention Petition No.5 of 2025 seeking intervention and removal of the Resolution Professional.
The Adjudicating Authority passed conflicting orders on 30.04.2025, with the Judicial Member directing the IBBI to remove the RP, and the Technical Member disagreeing.
…Corporate Insolvency Resolution Process (CIRP)…
The Resolution Plan submitted by AGI Greenpac…