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INSCO pays creditors ₹1,851 crore to complete Hindusthan National Glass buy
The Economic Times·2025-11-03 02:43

INSCO transferred ₹1,851 crore to creditors and also a 5% stake completing the resolution process."The resolution plan was implemented last month and the money transferred. It's a big relief for creditors since this account had many litigations and dragged on for many years," said a person familiar with the case. (SBI) is the largest creditor with 38% of the ₹3,786 crore admitted claims. It is set to gain about ₹703 crore in recovery.SBI did not reply to an email seeking comment. Creditors will also gain f ...