The case pertains to an application filed by the Resolution Professional (RP) of Hindustan National Glass & Industries Limited, seeking approval of the resolution plan submitted by Independent Sugar Corporation Limited (INSCO). The Committee of Creditors (CoC) had approved the plan with a 96.16% majority.
DBS Bank initiated CIRP against Hindustan National Glass & Industries Limited under Section 7 of the I&B Code.
Girish Siriram Juneja was appointed as the Interim Resolution Professional (IRP).
The CoC was constituted, and a public announcement was made to invite claims from creditors.
Independent Sugar Corporation Limited (INSCO) submitted a resolution plan that was approved by the CoC with a 96.16% majority.
The resolution plan proposes a total plan amount of Rs. 22,57,83,00,000/- against the total admitted claim of Rs. 37,85,55,95,937/-.
The resolution plan includes provisions for payment of CIRP costs, operational creditors, secured financial creditors, and dissenting financial creditors.
…Sign in to view the parties.
CIRP initiated against…
The CoC approved the…
The case pertains to an application filed by the Resolution Professional (RP) of Hindustan National Glass & Industries Limited, seeking approval of the resolution plan submitted by Independent Sugar Corporation Limited (INSCO). The Committee of Creditors (CoC) had approved the plan with a 96.16% majority.
DBS Bank initiated CIRP against Hindustan National Glass & Industries Limited under Section 7 of the I&B Code.
Girish Siriram Juneja was appointed as the Interim Resolution Professional (IRP).
The CoC was constituted, and a public announcement was made to invite claims from creditors.
Independent Sugar Corporation Limited (INSCO) submitted a resolution plan that was approved by the CoC with a 96.16% majority.
The resolution plan proposes a total plan amount of Rs. 22,57,83,00,000/- against the total admitted claim of Rs. 37,85,55,95,937/-.
The resolution plan includes provisions for payment of CIRP costs, operational creditors, secured financial creditors, and dissenting financial creditors.
…CIRP initiated against…
The CoC approved the…