Hindusthan National Glass & Industries to invest up to ₹500 crore in next 5 months to ramp up capacity

Hindusthan National Glass & Industries (HNGIL), now part of the Africa-based Madhvani-Turner Group, is planning to invest ₹300-500 crore over the next five months to ramp up manufacturing capacity by the end of this fiscal year. HNGIL, which was acquired by Independent Sugar Corporation through the insolvency resolution process under the Insolvency and Bankruptcy Code…

Strategy Braces for $2.8B Liquidation Shock as MSCI Changes Index Rules  — TradingView News

The world’s leading publicly traded Bitcoin treasury company, Strategy, is among a list of companies of its kind that face potential removal from Morgan Stanley Capital International (MSCI) global indexes. Announced on October 15, the decision established new financial tests that deem non-operating companies ineligible for indexing. In this context, non-operating firms are those whose…

Hindusthan National Glass & Industries: Hindusthan National Glass & Industries to invest ₹300-₹500 crore to boost its manufacturing capacity and expansion efforts

Hindusthan National Glass & Industries Ltd (HNGIL), a subsidiary of the Africa-based Madhvani-Turner Group, is planning to invest ₹300 – ₹500 crore over the next five years to bolster manufacturing capacity by the end of this fiscal year. HNGIL has invested around ₹700 crore in the business since the change in ownership following the company…

NCLT Mumbai on third-party claim over goods in CIRP

Disclaimer: This has been reported after the availability of the order of the Court and not on media reports so as to give an accurate report to our readers. National Company Law Tribunal (NCLT), Mumbai Bench-II: In applications filed by Ancile Investment Company under Section 60(5), Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule…