67% of ongoing corporate insolvency resolution cases cross 270-day timeline

Although IBC leaves little room for interference, objections by erstwhile promoters or the suspended board of corporate debtor, competing resolution applicants, and dissatisfied creditors are many

Ten minutes before the clock struck eight on the evening of December 29, a fire started at the Nashik factory of container glassmaker Hindusthan National Glass and Industries (HNG). As firefighters tried to douse the flames — fortunately, no one was hurt — murmurs started about the delay in implementing a safety plan.

The murmurs carried pent-up angst. Nashik is not the first HNG factory to suffer a fire incident. In the middle of last year, there was a fire in its plant in Naidupeta, Andhra Pradesh, and before that, in 2022, a similar incident in its facility in Rishra,