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Searched Tag: insolvency and bankruptcy code ibc
INSCO said it is set to implement its revival blueprint that includes modernisation of furnaces and equipment, fresh investments in operations, expansion of product lines, and strengthening the company's competitive edge in domestic and export markets

Uganda-based Madhvani Group takes over insolvent HNGIL

September 27, 2025, 04:43 PM - 3 min read

The Hindustan National Glass & Industries Limited (HNGIL) has been completely acquired by the Uganda-based Madhvani Group’s Independent Sugar Corporation through the Insolvency and Bankruptcy Code process

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Insolvency law cannot override PMLA, says NCLAT

July 6, 2025, 01:05 PM - 4 min read

In response to a plea filed by the resolution professional of Dunar Foods, seeking to release provisionally-attached assets of the debt-ridden company, the appellate said any attachment by the ED of property alleged to be “proceeds of crime” cannot be undone

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