B9 Beverages has faced severe financial strain, resulting in operational disruptions, vendor defaults, and executive shifts. Founder Ankur Jain stepped down in July amid investor-led restructuring led by lender Anicut Capital. The brewer suspended its packaged beer business amid acute cash shortages. In September, the tribunal directed the company and key creditors—including Hindusthan National Glass, which claims over ₹11 crore—to explore mediation while restraining asset transfers.
Edtech platform UpGrad Education Private Limited has initiated corporate insolvency resolution proceedings against B9 Beverages Limited, the manufacturer of Bira 91 beer. The operational creditor filed an application under Section 9 of the Insolvency…