Glass manufacturer Hindusthan National Glass and Industries Ltd (HNGIL) has initiated the insolvency process against B9 Beverages Ltd, the company behind Bira 91 beer, by issuing a demand notice over an alleged payment default of Rs 11.77 crore. The glass manufacturer has issued the notice under Section 8 of the Insolvency and Bankruptcy Code (IBC),…
Glass manufacturer Hindusthan National Glass and Industries Ltd (HNGIL) has initiated the insolvency process against B9 Beverages Ltd, the company behind Bira 91 beer, by issuing a demand notice over an alleged payment default of Rs 11.77 crore. The glass manufacturer has issued the notice under Section 8 of the Insolvency and Bankruptcy Code (IBC),…
Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice on B9 Beverages Ltd, the maker of the Bira 91 range of beer, as it plans to drag the debt-ridden brewer to the insolvency tribunal NCLT. | Photo Credit: bl-online Administrator Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice…
A prominent liquidator appointed to take charge of the assets of dozens of defaulted borrowers has revealed he is actually a personal investor in the lender who appointed him and that his firm vets the company’s loans. Hall Chadwick managing partner Richard Albarran disclosed that Blackbird Capital Group has referred 50 matters to his firm…
New Delhi: Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice on B9 Beverages Ltd, the maker of the Bira 91 range of beer, as it plans to drag the debt-ridden brewer to the insolvency tribunal NCLT. HNGIL, a container glass manufacturer, has issued the notice under Section 8 of the Insolvency…
New Delhi: Hindusthan National Glass and Industries Ltd (HNGIL) has served a default notice on B9 Beverages Ltd, the maker of the Bira 91 range of beer, as it plans to drag the debt-ridden brewer to the insolvency tribunal NCLT. HNGIL, a container glass manufacturer, has issued the notice under Section 8 of the Insolvency…
Hindusthan National Glass (HNGIL) has issued a default notice to Bira 91 (B9 Beverages) for Rs 11.77 crore over unlifted glass bottles, planning NCLT action. Key Points HNGIL issued a default notice to Bira 91 for Rs 11.77 crore over unlifted customized glass bottles. HNGIL plans to move the National Company Law Tribunal (NCLT) to…
Late Cantopop singer Anita Mui’s mother died at the age of 102 today (Aug 30). Hong Kong media The Standard reported the emergency services received a report at around 10:48am that an elderly woman had choked while eating and collapsed inside a unit at Leighton Road, Hong Kong. She was found unconscious when paramedics arrived…
FRIDAY EDITION Did Treasury declare US ‘insolvent’? Here’s the bottom line In March 2026, posts claimed the U.S. Department of the Treasury declared the U.S. government insolvent, which would mean the government had lost its ability to repay its debts. The rumor spread after the Treasury published financial statements last Monday for the previous fiscal…
SOUTH African youth are becoming increasingly more susceptible to gambling and addictions, which is prompting the government to urge students and young people to think twice before betting away money that is needed for their educations and future. Also read: One-year celebration of breaking chains with Kairos Recovery The warning comes after the recent study…