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🏛️ AGI Greenpac’s Review Petition on HNGIL Acquisition Dismissed by Supreme Court
AGI Greenpac's Review Petition (No. 657/2025) challenging the Supreme Court’s earlier judgment on its proposed acquisition of Hindusthan National Glass & Industries Ltd (HNGIL) under the Insolvency and Bankruptcy Code has been dismissed.
The Supreme Court dismissed the review petition on May 16, 2025, originally filed against its January 29, 2025 verdict.
The dismissal includes a modification made in response to submissions from the respondent’s counsel.
Full reasoning behind the dismissal is still awaited.
No immediate impact on AGI Greenpac's management control or financial arrangements has been disclosed.
The dismissal marks a legal setback for AGI’s acquisition ambitions under the IBC framework, though further clarity will depend on the detailed order once released.
