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1. The Plaintiff company, Hindustan National Glass & Industries Limited
(HNGIL), is currently under the management of Independent Sugar
SPONSORED
2026:CHC-OS:344
Corporation Limited (INSCO) following a successful resolution process
under the Insolvency and Bankruptcy Code, 2016 (IBC) approved by
an order dated 14th August, 2026 passed by the National Company
Law Tribunal (in short, “NCLT”)
2. Prior to this takeover, HNGIL operated an Exempted Provident Fund
through a trust known as the ‘HNG Group Companies Provident Fund
Institution’ for its employees. (hereinafter for the sake convenience
referred to as the said Trust).
