India, Aug. 31 -- Craft beer maker Bira 91 is facing a fresh insolvency threat, with glass manufacturer Hindusthan National Glass & Industries Ltd (HNGIL) serving a default notice over alleged unpaid dues.

HNGIL has issued the notice under Section 8 of the IBC to B9 Beverages Ltd, the parent company of Bira 91, seeking Rs.11.77 Cr for customised glass bottles manufactured against confirmed purchase orders but allegedly not lifted by the brewer, according to a PTI report.

The notice gives B9 Beverages 10 days to clear the dues or bring on record evidence of a pre-existing dispute. If it fails to do so, HNGIL can approach the NCLT under Section 9 of the IBC to initiate a corporate insolvency resolution process (CIRP).

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