Uganda-based Madhvani Group’s firm, Independent Sugar Corporation Limited (INSCO), has assumed full control of the debt-ridden Hindustan National Glass & Industries Limited’s (HNGIL) through the Insolvency and Bankruptcy Code process

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The Uganda-based Madhvani Group’s firm, Independent Sugar Corporation Limited (INSCO), has assumed full control of the debt-ridden Hindustan National Glass & Industries Limited’s (HNGIL) through the Insolvency and Bankruptcy Code process on Friday. The acquisition was led by industrialists, Kamlesh Madhvani and Shrai Madhvani, with financial support from Cerberus Capital Management and the International Finance…

Business Plus – corporate restructuring & insolvency survey 2025

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As published in Business plus, May 2025. At RSM Ireland, there is a growing shift from traditional insolvency work to proactive, tailored advisory solutions that focus on making businesses future-fit, according to Paddy O’Connell, Restructuring Advisory Partner at the firm.   Historically, restructuring assignments focused on formal insolvency, especially in distressed industries such as retail,…

Judges, Practitioners Seek Deeper Insolvency Tools

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            By Rukayat Moisemhe   A robust and responsive insolvency ecosystem requires incorporating all stakeholders and will improve Nigeria’s corporate rescue framework and support business recovery and commercial justice.   Judges and insolvency experts made the assertion at the 2025 Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) Conference…

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