SUMMARY
upGrad has filed an insolvency petition against Bira 91 parent B9 Beverages over alleged unpaid dues of ₹1.02 Cr
The petition adds to the mounting creditor pressure on B9 Beverages as it attempts to restructure its business and revive operations
The petition was filed under Section 9 of the IBC on October 22, while the brewer is also facing an ₹11.77 Cr claim from glassmaker HNGIL
upGrad has filed an insolvency petition against B9 Beverages Ltd, the maker of Bira91 beer, over alleged unpaid dues of ₹1.02 Cr, adding to the financial and legal challenges facing the brewer.
The petition, filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, was submitted to the Delhi bench of the…