New Delhi, April 23 -- B9 Beverages Ltd founder and chief executive officer (CEO) Ankur Jain has been asked to resign and is expected to exit as early as this week, according to two persons familiar with the matter, as investors and lenders move to stabilise the cash-strapped craft beer maker, where production was halted around September last year.

The leadership reset will come this week with the appointment of a new CEO. "Salary delays as a result of financial mismanagement have run into several crores. There is also vendor pressure and the risk of insolvency proceedings, even as stakeholders are hoping for an out-of-court restructuring," the first of the two person cited earlier said, both of whom spoke on the condition of anonymity. ...