Bira 91 faces insolvency push as HNGIL seeks ₹11.8 crore

MUMBAI: Glass manufacturer Hindusthan National Glass and Industries Ltd (HNGIL) has initiated insolvency proceedings against B9 Beverages Ltd, the maker of Bira 91 beer, over an alleged payment default of ₹11.77 crore.

HNGIL has issued a demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC), marking a formal step before a potential application to the National Company Law Tribunal (NCLT) to commence the Corporate Insolvency Resolution Process (CIRP).

HNGIL, an operational creditor of B9 Beverages, alleges that the brewer failed to pay for customised glass bottles manufactured against confirmed purchase orders. The dispute involves more than 51 lakh 650 ml amber bottles produced specifically for Bira 91.

The bottles were ordered through three purchase orders issued by B9 Beverages in June and September 2024. They remain stored at HNGIL’s facilities in Bahadurgarh, Haryana, Puducherry and Rishra, West Bengal.