Hindusthan National Glass and Industries (HNGIL) has issued a default notice to B9 Beverages, the parent company of Bira 91 beer, for alleged unpaid dues amounting to ₹11.77 crore. The notice was issued under Section 8 of the Insolvency and Bankruptcy Code (IBC) on August 30, 2026, signaling potential financial distress for the beverage maker, according to livemint.com.
The default notice is a formal step under the IBC framework that requires B9 Beverages to clear the outstanding dues or face insolvency proceedings. HNGIL, a supplier to B9 Beverages, has indicated plans to move the National Company Law Tribunal (NCLT) if the payment is not made. This move could escalate the financial challenges for B9 Beverages, which has faced liquidity issues in the past, the report added.
This development highlights ongoing financial pressures in the Indian craft beer sector, where companies like Bira 91 have struggled with cash flow and debt management. Comparable cases in the beverage industry have seen suppliers resorting to legal action to recover dues, reflecting tighter credit conditions. The ₹11.77 crore default notice is significant given Bira 91’s prominence and the sector’s competitive landscape, as noted by livemint.com.
HNGIL’s next step involves filing an application with the NCLT to initiate insolvency proceedings if B9 Beverages fails to settle the dues. The timeline for this action depends on the response to the default notice, which sets a formal deadline under the IBC regulations, the report confirmed.