Bira 91 Faces Insolvency Over Rs 11.77 Cr Bottle Dues
By Business Desk
Bira 91 (B9 Beverages) faces insolvency threat from Hindusthan National Glass over Rs 11.77 crore in unpaid bottle dues. A Section 8 notice has been issued.
Bira 91, the beer brand from B9 Beverages, faces an insolvency threat as Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice for unpaid dues totaling Rs 11.77 crore.
This notice, issued under Section 8 of the Insolvency and Bankruptcy Code (IBC), is a mandatory step before HNGIL can initiate insolvency proceedings against the brewer at the National Company Law Tribunal (NCLT).
Key Figures in Default
- Unpaid Dues Claim: Rs 11.77 crore
- Creditor: Hindusthan National Glass and Industries Ltd
- Product: Over 51 lakh customized 650 ml amber glass bottles
- Purchase Orders: Three confirmed orders placed in June and September 2024
- Claim Breakdown: Rs 7.03 crore (bottles), Rs 1.12 crore (storage), adjusted for Rs 13.72 lakh credit
B9 Beverages has a 10-day window from receiving the demand notice to either clear the payment or present evidence of an existing dispute. Failure to do so would enable HNGIL to approach the NCLT under Section 9 of the IBC to commence the Corporate Insolvency Resolution Process (CIRP).
HNGIL had previously sent a legal notice on May 6, 2026, which did not result in payment or a schedule for lifting the bottles, indicating a prolonged dispute.
B9 Beverages’ Broader Financial Challenges
This insolvency threat compounds an already critical financial situation for B9 Beverages. The company has reportedly ceased production since September 2025.
- Estimated Total Debt: Approximately Rs 1,000 crore
- Founder: Ankur Jain and his family recently stepped down from all executive positions and the board.
- Restructuring Led By: Anicut Capital, along with existing investors Peak XV Partners and Kirin Holdings.
- Potential Acquirer: Varun Beverages is reportedly among the interested parties exploring recapitalization and acquisition.
The company’s leadership, including founder Ankur Jain, recently settled with lenders and investors, stepping down to facilitate a restructuring process aimed at clearing liabilities and resuming operations. The path forward remains critical for the once-buzzy beer startup.