FILE PHOTO: An worker carries Bira beer cans to ship them to a buyer at a liquor retailer in Mumbai, India
| Photograph Credit score:
FRANCIS MASCARENHAS
Glass maker Hindusthan Nationwide Glass & Industries Ltd (HNGIL), which emerged from insolvency proceedings underneath the Insolvency and Chapter Code (IBC), has escalated its dispute with BIRA 91 maker B9 Drinks by claiming dues and warning of civil and prison motion over alleged non-lifting of customised bottles manufactured throughout its Company Insolvency Decision Course of (CIRP).
Within the letter dated June 4, HNGIL stated {that a} legal notice dated Might 6 was issued to B9 Drinks Restricted (BIRA) for restoration of ₹11.19 crore, together with curiosity, storage and mould prices.
Following this, Ankur Jain, founder and CEO of BIRA 91, responded through electronic mail the following day, sharing that the corporate was present process a recapitalisation course of, which was anticipated to conclude by the top of the then monetary quarter.
“By means of stated communication, he additional sought further indulgence of time and indicated an intention to raise the contracted inventory following resumption of manufacturing within the succeeding quarter,” HNGIL represented within the letter.
Within the absence of a direct and credible decision, HNGIL is evaluating all treatments obtainable to it underneath relevant regulation and fairness, together with proceedings for restoration of dues, damages, and initiation of applicable proceedings underneath the Insolvency and Chapter Code, 2016 in opposition to BIRA.
In a recent communication despatched to B9 Drinks’ board and copied to its buyers, together with Peak XV, Sofina, BlackRock, Kirin Holdings and others, HNGIL alleged that greater than 51 lakh customised glass bottles value over ₹7 crore proceed to stay at its amenities regardless of repeated assurances from the beer maker.
This growth follows a legal notice issued by HNGIL final month searching for restoration of greater than ₹8 crore from B9 Drinks over alleged cost and contractual defaults.
In accordance to the most recent notice, HNGIL stated the transactions had been undertaken whereas the corporate was present process CIRP underneath the IBC and that B9 Drinks was allegedly conscious of the insolvency proceedings however continued putting buy orders backed by financial institution ensures.
HNGIL alleged that regardless of encashing financial institution ensures value ₹3.91 crore, substantial dues stay outstanding and the brewer has failed to raise about 51.42 lakh customised bottles manufactured solely for it.
The glassmaker has sought cost of ₹11.19 crore inside 15 days and demanded a binding schedule for lifting the inventory, failing which it stated it will provoke legal proceedings.
The corporate additional alleged that B9 Drinks had acknowledged sure pending transactions and dedicated to funds and inventory lifting schedules through the discussions, however failed to fulfil these commitments.
In accordance to HNGIL, the unlifted inventory has blocked working capital and warehouse capability, whereas leading to further storage and dealing with prices.
It stated HNGIL itself not too long ago got here out from a protracted insolvency decision course of and is presently engaged within the revival and stabilisation of its enterprise operations. The corporate exited the IBC course of final 12 months after a consortium led by Uganda-based Madhvani Group’s INSCO carried out a decision plan for the corporate, bringing to an finish a multi-year insolvency continuing. The corporate has since targeted on operational revival and enhancing monetary efficiency.
“The continued and unjustified blockage of inventory, warehousing infrastructure, and working capital consequent upon BIRA’s default imposes a fabric, disproportionate, and unsustainable monetary burden on HNGIL,” it stated.
Revealed on June 5, 2026
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