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Client Challenge

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Rs 2,072 crore resolution plan for Hindustan National Glass

The National Company Law Tribunal (NCLT) has officially approved a resolution plan for Hindustan National Glass & Industries Limited (HNGIL) valued at ₹2,071.50 crores, a significant development in the company’s insolvency proceedings. The resolution amount will be distributed among various creditors, with a substantial portion allocated to financial creditors. The NCLT’s approval of the resolution…