Another Creditor Moves NCLT Delhi Against Bira Beer Maker Over ₹7.24 Crore Default

Another creditor has approached the Delhi bench of the National Company Law Tribunal (NCLT) seeking insolvency proceedings against B9 Beverages Limited, the maker of Bira beer, over an alleged default of ₹7.24 crore.

The NCLT, while hearing the petition filed by Cheer Breweries Ltd, noted that 15 insolvency petitions against B9 Beverages were already pending before different benches of the Delhi bench.

It directed the Registry to take steps to place all the matters before a single bench.

The bench of Judicial Member Mahendra Khandelwal and Technical Member Atul Chaturvedi ordered, “It is brought to our notice that currently 15 petitions against the same Corporate Debtor are pending in various benches of this court at Delhi. Registry may take suitable steps for placing all the matters in one of the benches, as all the matters are related to the same Corporate Debtor.”

Cheer Breweries filed the fresh Section 7 application over a default of ₹7,24,62,274. The company told the tribunal that it had a commercial relationship with B9 Beverages, under which land and equipment were leased to B9 for a brewery unit.

According to the submissions, the lease was subsequently terminated following payment defaults. B9 later required funds to facilitate the sale of the property and removal of machinery and equipment from the premises.

Cheer Breweries said it subsequently advanced ₹6 crore to B9 under a loan agreement dated June 12, 2025. The agreement provided for monthly interest payments, with the entire loan becoming payable on June 15, 2026.

The company claimed that B9 failed to repay the loan and that the amount due, including default interest, stood at ₹7.24 crore. It submitted that the debt exceeded the minimum threshold for initiating insolvency proceedings under the Insolvency and Bankruptcy Code.

Cheer Breweries also told the tribunal that B9 had acknowledged the debt but had not made payments despite several months having passed. The company said it had held several meetings with B9 and was informed that the beer maker was in the process of bringing in new investors.

The petition was filed after the payments did not materialise, according to the submissions.

Earlier, another bench of the Delhi NCLT had, by an order dated September 15, directed B9 Beverages, its promoters, certain financial creditors and applicants in connected insolvency proceedings to participate in mediation.