Hindusthan National Glass and Industries Ltd has sent a formal insolvency notice to B9 Beverages, the maker of Bira 91, demanding ₹11.77 crore for unpaid dues. The claim involves over 51 lakh units of customized glass bottles that remain unlifted, tying up vital working capital for the manufacturer. This move adds further pressure on the debt-laden brewer, which is currently undergoing a restructuring process.
Hindusthan National Glass and Industries Ltd has initiated legal action against B9 Beverages, the parent company of the popular beer brand Bira 91, by issuing a default notice under the Insolvency and Bankruptcy Code. The glass manufacturer is demanding ₹11.77 crore in unpaid dues, which includes the cost of unlifted inventory and storage fees. This notice is a mandatory step under the law before a company can approach the National Company Law Tribunal to begin formal insolvency proceedings.
The core of the dispute lies in millions of glass bottles manufactured specifically for B9 Beverages. The manufacturer claims that the brewer placed multiple purchase orders between June and September 2024 but failed to collect more than 51 lakh units. Because these bottles are customized with the Bira 91 logo and specific technical branding, they cannot be sold to other clients. This has left the glass manufacturer with a significant amount of dead stock, effectively blocking warehouse space and capital that is essential for their operations in Haryana, Puducherry, and West Bengal.
B9 Beverages has been granted a ten-day period to settle the outstanding amount. The demand includes ₹7.03 crore for the inventory value, approximately ₹1.12 crore for storage charges, and accumulated interest. If the company fails to pay or challenge this demand within the given timeframe, the glass manufacturer intends to file for a Corporate Insolvency Resolution Process in court.
This dispute comes at a difficult time for B9 Beverages, which has been facing severe financial stress. The brewer suspended its production operations in September 2025 and is estimated to be carrying around ₹1,000 crore in total debt. Earlier this year, in July 2026, founder Ankur Jain resigned from his board and executive positions as part of a settlement with investors and lenders to facilitate a potential restructuring of the company.
While existing investors and shareholders are currently working on a recapitalization plan to revive the business, the threat of new insolvency proceedings introduces further uncertainty. For the glass manufacturer, the financial impact involves not only the loss of potential revenue but also the ongoing cost of managing blocked inventory. Investors and creditors will be watching to see if B9 Beverages can settle these dues within the ten-day notice period or if the matter moves into a prolonged court battle.