SBI looks to push this firm into NCLT clutches; company's escape strategy is eye-ball grabbing

Hindusthan National Glass & Industries Ltd (HNGI), the largest glass packaging maker in the country, has reached a settlement worth a little above Rs 2,000 crore in cash and equity to lenders consortium headed by State Bank of India (SBI).  

SBI looks to push this firm into NCLT
HNGI has reached a settlement worth a little above Rs 2,000 crore in cash and equity to lenders consortium headed by State Bank of India. Image source: Reuters

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