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News · Commerce & Consumer Brands

Supplier demands payment from B9 Beverages

By ·

Date
Company
B9 Beverages
What it does
Craft beer brand maker
Kind
News
Amount
₹11.19 Cr
Sector
Commerce & Consumer Brands

What they do

B9 Beverages makes craft beer for urban consumers in India

What happened

HNGIL demands ₹11.19 Cr payment and inventory lift within 15 days

Why it matters

The company faces insolvency proceedings and operational disruptions due to licensing issues

The details

  • HNGIL sent a legal notice demanding ₹11.19 Cr payment from B9 Beverages.
  • The demand includes outstanding dues, interest, storage fees, and mould charges.
  • HNGIL threatens civil and criminal action if payment is not made within 15 days.
  • The supplier also requires the immediate lift of over 51.42 Lakh customised glass bottles.
  • These stored bottles are valued at more than ₹7 Cr.
  • HNGIL encashed a ₹3.91 Cr bank guarantee during Bira 91's CIRP process.
  • The creditor alleges that Bira 91 hid its insolvency status while placing orders.
  • This dispute follows an earlier claim for over ₹8 Cr recovery one month prior.

The bigger picture

  • The legal notice highlights severe cash flow problems for the craft beer brand.
  • HNGIL claims the company concealed its financial distress during recent transactions.
  • The incident underscores the liquidity crisis facing the startup amid regulatory hurdles.

About the business

  • B9 Beverages launched its craft beer brand in 2015.
  • The company positions itself as a challenger to legacy beer brands.
  • It focuses primarily on urban consumers across India.
  • The brand faced significant operational disruption in 2025 due to licensing issues.
  • Licensing problems arose from a corporate name change from private to public.
  • Approximately ₹80 Cr in inventory was written off in 2025.
  • Total liabilities stood at around ₹300 Cr as of May 2025.
  • Investors injected ~₹400 Cr to save the brand with conditions attached.

What happens next

  • HNGIL demands payment and inventory lift within 15 days.
  • Potential civil and criminal action looms if demands are ignored.

Investors

  • Peak XV Partners (existing) — Notified of the dispute by HNGIL.
  • Sofina (existing) — Notified of the dispute by HNGIL.
  • BlackRock (existing) — Notified of the dispute by HNGIL.
  • Kirin Holdings (existing) — Notified of the dispute by HNGIL.

Founders

  • Ankur Jain, Founder/CEO

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