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Top News In Hindusthan National Glass Today - Breaking & Trending Today

SBI fails to draw buyers for Hindusthan National Glass' Rs 1,703-cr bad debt

The bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a dozen asset reconstruction companies (ARCs), including Edelweiss ARC and Phoenix ARC, submitted expressions of interest, as reported by ET on February 4. But none of them submitted a bid at the auction held on Thursday, said people with knowledge of the matter. ....

West Bengal , United States , Girish Juneja , Sugar Corporation , Hindusthan National Glass Industries , Competition Commission Of India , Madhvani Group , National Company Law Tribunal , State Bank , Hindusthan National Glass , Independent Sugar Corporation , Competition Commission , Hindusthan National Glass Amp Industries , Edelweiss Arc , Agi Greenpac ,

SBI fails to draw buyers for Hindusthan National Glass' Rs 1,703-cr bad debt

The bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a dozen asset reconstruction companies (ARCs), including Edelweiss ARC and Phoenix ARC, submitted expressions of interest, as reported by ET on February 4. But none of them submitted a bid at the auction held on Thursday, said people with knowledge of the matter. ....

West Bengal , United States , Girish Juneja , Hindusthan National Glass Industries , National Company Law Tribunal , Madhvani Group , Competition Commission Of India , Sugar Corporation , State Bank , Hindusthan National Glass , Independent Sugar Corporation , Competition Commission , Agi Greenpac , Hindusthan National Glass Amp Industries , Edelweiss Arc ,

Kotak-backed Phoenix ARC, Edelweiss keen to acquire SBI loan to HNG

Kotak Mahindra Bank-backed Phoenix ARC and Edelweiss Asset Reconstruction Company are interested in acquiring State Bank of India s loan to Hindusthan National Glass (HNG). Prudent ARC, UV ARC, and Omkara ARC have also submitted expressions of interest. HNG, the largest glass bottle maker, was admitted for insolvency on a petition by DBS Bank. HNG has received resolution plans from AGI Greenpac and Madhvani Group. ....

United States , Edelweiss Asset Reconstruction Company , National Company Law Tribunal , Hindusthan National Glass , Madhvani Group , Kotak Mahindra Bank Backed Phoenix , State Bank , Bankruptcy Code , Kotak Backed Phoenix Arc , Sbi Loan , Loan Acquisition , Phoenix Arc ,

SBI: SBI taps ARCs for sale of Hindusthan National Glass loan

Lenders had voted for a plan given by AGI Greenpac in October 2022, but due to a series of litigations, the plan is yet to be approved by the bankruptcy court. The country s largest glass bottle maker was admitted for corporate insolvency in October 2021 on a petition by DBS Bank. ....

Girish Juneja , Madhvani Group Independent Sugar Corporation , Competition Commission Of India , Hindusthan National Glass , National Company Law Appellate Tribunal , Madhvani Group , State Bank , Bankruptcy Code , Independent Sugar Corporation , Karsanbhai Patel Promoted Nirmal Chemicals , Competition Commission ,

Global Container Glass Market Forecast 2023-2032 – Market Size, Drivers, Trends, And Competitors

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