With the Supreme Court setting aside AGI Greenpac’s resolution plan for Hindustan National Glass (HNG) last month, the other bidder, INSCO (Independent Sugar Corporation), a Madhvani Group company based in Africa has written to the Committee of Creditors of the bankrupt firm to fast track their bid in the Insolvency Resolution Process.
In it’s letter dated January 30, 2025et to the CoC, INSCO has reaffirmed its commitment to ensuring a fast and smooth Corporate Insolvency Resolution Process (CIRP) in the interest of all stakeholders. The company has requested an immediate response from the CoC to initiate dialogue and implement the Supreme Court’s decision.
Last month, the Supreme Court quashed AGI Greenpac’s resolution plan due…
