Bira 91 Faces Fresh Insolvency Threat Over ₹11.8 Cr Dues

SUMMARY

• HNGIL has served Bira 91 parent B9 Beverages a default notice over alleged dues of ₹11.77 Cr and warned that it could initiate insolvency proceedings against the brewer.
• The notice adds to Bira 91’s mounting creditor pressure as the debt-laden brewer seeks fresh capital to clear employee and vendor dues and restart production.
• HNGIL claims more than 51 Lakh customised bottles remain unlifted, despite the glassmaker encashing bank guarantees worth ₹3.91 Cr. B9 Beverages has 10 days to pay the dues or show that a dispute existed before the notice.