<h1>HNGIL revival: INSCO acquires HNGIL via insolvency resolution, compensates creditors, delists shares and commits major capex.</h1> INSCO's takeover of HNGIL was completed through the insolvency resolution process with tribunal and regulatory clearances; the resolution plan provided upfront and deferred payments to creditors and workmen, allocated 5% equity to assenting financial creditors, resulted in roughly 60% recovery of admitted claims after a 40% haircut, and included a committed capital expenditure of around Rs 1,000 crore alongside delisting to simplify ownership transfer.