EdTech firm UpGrad files insolvency plea against Bira 91 maker

The online education platform has initiated insolvency proceedings against B9 Beverages Private Limited at the NCLT, citing unpaid liabilities amounting to ₹1.02 crore. The petition adds to mounting financial pressure on the Bangalore-based company, which produces the popular Bira 91 beer brand.

B9 Beverages has faced intensifying creditor challenges in recent months as it grapples with significant debt obligations. The filing by UpGrad represents another layer of financial distress for the beverage manufacturer, which has struggled to meet its payment commitments across multiple vendors and service providers.

The insolvency petition comes as B9 Beverages navigates a challenging period marked by reduced consumer spending and operational pressures within the craft beer segment. The company's ability to resolve outstanding dues and stabilize its financial position will be closely watched by industry observers and creditors alike.

The NCLT proceedings will determine whether B9 Beverages can settle its obligations to UpGrad or face formal insolvency resolution proceedings. The outcome could have broader implications for other creditors holding claims against the beverage maker.