Hindusthan National Glass and Industries issues default notice to Bira 91, plans to move NCLT – YourStory.com
Hindusthan National Glass and Industries issues default notice to Bira 91, plans to move NCLT YourStory.com Read the original article here
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Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra’s insolvency plan
New Delhi: Dissenting lenders have alleged that five entities linked to media baron Subhash Chandra‘s family together controlled 61.78 per cent of the voting share and were instrumental in pushing through his personal insolvency resolution plan, which proposes to pay just Rs 6.5 crore against admitted creditor claims of about Rs 22,006.57 crore. The lenders…
Parliamentary panel suggests establishing dedicated NCLT benches for insolvency cases
NEW DELHI: A parliamentary panel has suggested establishing dedicated benches or verticals for insolvency cases at the National Company Law Tribunal (NCLT) to expedite disposal of such matters as well as ensure that the tribunal gives equal attention to cases under the Companies Act. Apart from the principal bench and the New Delhi bench, NCLT…
HNGIL issues insolvency notice to Bira 91 maker B9 Beverages over Rs 11.77 crore dues
Glass manufacturer Hindusthan National Glass and Industries Ltd (HNGIL) has initiated the insolvency process against B9 Beverages Ltd, the company behind Bira 91 beer, by issuing a demand notice over an alleged payment default of Rs 11.77 crore. The glass manufacturer has issued the notice under Section 8 of the Insolvency and Bankruptcy Code (IBC),…
HNGIL seeks insolvency proceedings against Bira 91 maker over payment default
Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice on B9 Beverages Ltd, the maker of the Bira 91 range of beer, as it plans to drag the debt-ridden brewer to the insolvency tribunal NCLT. | Photo Credit: bl-online Administrator Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice…
Hall Chadwick boss Richard Albarran seizing borrowers’ assets reveals investment in lender Blackbird
A prominent liquidator appointed to take charge of the assets of dozens of defaulted borrowers has revealed he is actually a personal investor in the lender who appointed him and that his firm vets the company’s loans. Hall Chadwick managing partner Richard Albarran disclosed that Blackbird Capital Group has referred 50 matters to his firm…
Bira 91 faces insolvency push as HNGIL seeks Rs 11.8 crore
New Delhi: Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice on B9 Beverages Ltd, the maker of the Bira 91 range of beer, as it plans to drag the debt-ridden brewer to the insolvency tribunal NCLT. HNGIL, a container glass manufacturer, has issued the notice under Section 8 of the Insolvency…
Claim Treasury declared US ‘insolvent,’ TSA rumors & more
FRIDAY EDITION Did Treasury declare US ‘insolvent’? Here’s the bottom line In March 2026, posts claimed the U.S. Department of the Treasury declared the U.S. government insolvent, which would mean the government had lost its ability to repay its debts. The rumor spread after the Treasury published financial statements last Monday for the previous fiscal…
Sintex Industries: NCLAT upholds clean slate principle, rejects shareholder’s plea for compensation
The Insolvency Appellate Tribunal NCLAT has affirmed the “clean slate principle” under the Insolvency and Bankruptcy Code (IBC), which bars any attempt to reestablish pre-resolution shareholders’ rights, and rejected the claims of a shareholder of Sintex Industries. A two-member NCLAT bench dismissed the appeal by a Kerala-based investor seeking around Rs 110 crore in compensation…