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Hindusthan National Glass lenders vote in favour of AGI Greenpac's plan

The voting on the resolution plans concluded on Thursday evening

Company, firms, board of directors, IBC, insolvency, NPAs, loans

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The debt-ridden company had tried corporate debt restructuring several rimes before it was taken to insolvency in the last four years

Ruchika Chitravanshi Manojit Saha Panaji/Mumbai

2 min read Last Updated : Oct 28 2022 | 10:21 PM IST

Lenders of the Kolkata based Hindusthan National Glass and Industries currently undergoing insolvency resolution process have voted in favour of AGI Greenpac Limited’s plan, according to people close to the development.

AGI Greenpac’s Rs 21 billion resolution plan received 98 per cent votes of the committee of creditors while Uganda based Madhvani group got 88 per cent votes. The third bid by detergent and soap maker Nirma Chemical group got the lowest vote with 24 per cent of the lenders voting for its plan, sources said.

The voting on the resolution plans concluded on Thursday evening. Mumbai based listed company AGI Greenpac,

Topics : IBC Hindusthan National Glass Insolvency and Bankruptcy Code

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