Hindusthan National Glass's Resolution Plan by Independent Sugar Corporation (INSCO) is approved by NCLT.

INSCO will pay Rs. 2,257.83 Cr against Rs. 3,785.5 Cr admitted claims (~40% haircut), with Rs. 1,901.55 Cr upfront.

Existing equity is cancelled.

INSCO plans Rs. 1,000 Cr capex.

New entity ownership: INSCO 95%, Secured Creditors 5%.