Hindusthan National Glass and Industries Limited (HNGIL) has written directly to Bira 91‘s parent company B9 Beverages’ major investors warning of potential insolvency proceedings against the craft beer company over unpaid dues of over INR 11 crore.
HNGIL has sent the letter to Peak XV Partners, BlackRock, Sofina SA, Kirin Holdings, Tiger Pacific Capital, Anicut Capital, and Sixth Sense Ventures. In the letter reviewed by ETLegalWorld, HNGIL said that the decision to write to the investors was made to ensure “full disclosure” and to seek their “intervention in facilitating an amicable and commercially reasonable resolution” of the…