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SBI in talks with ARCs for sale of Hindusthan National Glass loan: report

Economic Times  

State Bank of India is in talks with asset reconstruction companies (ARCs) to sell its INR 1,272 crore loan to Hindusthan National Glass, which is undergoing corporate insolvency proceedings.The company's lenders had voted for a plan given by AGI Greenpac in October 2022, but due to a series of litigations, the plan is yet to be approved by the bankruptcy court. The country's largest glass bottle maker was admitted for corporate insolvency in October 2021 on a petition by DBS Bank.