3 days ago

HNGIL Threatens Insolvency Action Against Debt-Laden Bira 91 Maker

HNGIL Threatens Insolvency Action Against Debt-Laden Bira 91 Maker
Bira 91 Faces Fresh Insolvency Threat Over ₹11.8 Cr Dues · inc42.com

Hindusthan National Glass and Industries made special bottles for B9 Beverages, the company behind Bira 91 beer.

HNGIL says B9 did not collect the bottles or pay all the money owed.

More than 51 lakh bottles are being stored at three HNGIL locations.

The bottles have Bira 91 branding and special designs, so they may not be useful to other companies.

HNGIL is seeking ₹11.77 crore, including the bottle price, storage charges and interest.

It has sent a formal notice under India’s insolvency law.

B9 Beverages has 10 days to pay or explain that a dispute already existed.

If the matter is not resolved, HNGIL may ask the NCLT to begin an insolvency process.

Key facts

Creditor
Hindusthan National Glass and Industries Ltd (HNGIL)
Debtor
B9 Beverages Ltd, which sells beer under the Bira 91 brand
Claimed amount
₹11.77 crore, comprising ₹7.03 crore for manufactured bottles, ₹1.12 crore in storage charges, contractual interest and adjustments
Bottle stock
More than 51 lakh customised 650 ml amber glass bottles
Purchase orders
Three orders placed by B9 Beverages in June and September 2024
Response deadline
Ten days from receipt of the Section 8 demand notice
B9 operating status
Reportedly out of production since September 2025, with estimated debt of about ₹1,000 crore

Quotes

Suraj Mehta

Chief Strategy Officer of HNGIL

“We acknowledge that a demand notice under the IBC has been issued to Bira 91, following the legal notice sent earlier this year in relation to certain commercial and contractual issues. Our position is set out in the notice, and we remain open to a resolution. Since the matter is under legal consideration, it would not be appropriate for us to comment further at this stage.”
CNBC TV 18 thehindubusinessline.com livemint.com
“unconditionally repay the unpaid operational debt (in default) in full within ten days from the receipt of this letter”
CNBC TV 18

HNGIL demand notice

Formal demand issued by HNGIL to B9 Beverages

“unconditionally repay the unpaid operational debt (in default) in full within ten days from the receipt of this letter”
thehindubusinessline.com

Sources

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