UpGrad Files Insolvency Plea Against Bira 91 Maker B9 Beverages Over ₹1.02 Crore Dues

Business Standard · business

Edtech firm UpGrad has filed an insolvency petition against B9 Beverages, the maker of Bira 91 beer, with the National Company Law Tribunal (NCLT). UpGrad is seeking recovery of alleged outstanding dues amounting to ₹1.02 crore. This legal action adds to the mounting creditor pressure on B9 Beverages, which is already facing multiple recovery proceedings and financial difficulties. The company has been struggling to revive its business, with its founder stepping down and a key lender taking charge of restructuring efforts.