# Cheer Breweries Ltd. vs. B9 Beverages Ltd.

> NCLT judgment dated 2026-09-24. Citation: TCN-2026-NCLT-01071. A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy…

- **Court:** NCLT
- **Order date:** 24 Sept 2026
- **Citation:** TCN-2026-NCLT-01071
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/cheer-breweries-ltd-vs-b9-beverages-ltd-xcot3

## Summary

### Background

A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, against B9 Beverages Ltd. During the proceedings, it was brought to the court's attention that 15 other petitions are currently pending against the same corporate debtor, B9 Beverages Ltd., in various Benches of the National Company Law Tribunal at Delhi.

## Facts

A petition was filed by Cheer Breweries Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, against B9 Beverages Ltd.

Ld. Counsel representing the financial creditor (Cheer Breweries Ltd.) was present physically during the hearing.

It was brought to the court's notice that 15 other petitions are currently pending against the same corporate debtor, B9 Beverages Ltd., in various Benches of the National Company Law Tribunal at Delhi.

The court was provided with a list detailing these 15 petitions, including their case titles, numbers, and the benches where they are pending.

The court determined that all these matters are related to one corporate debtor and should be heard by a single Court/Bench for effective management.

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## Issues and analysis

### Issue 1: Whether the multiple insolvency petitions filed against the same corporate debtor, B9 Beverages …

**Ratio:** When multiple insolvency petitions are filed against the same corporate debtor, it is

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**Reasoning:** Consolidating multiple petitions against a single corporate debtor prevents the issuance

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**Interpretation:** The court's decision reflects an interpretation that the overarching goals of

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**Application:** The court applied this principle by directing the Registry to consolidate all

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; ATUL CHAT…
- **Appellants:** Cheer Breweries…; Axis Bank L…; +13 more
- **Respondents:** B9 Beverage…
- **Advocates:** Anushree Ma…; Anhad Cha…

## Timeline

- **2026-09-24 — Order Del…**: Order delivered in the matter of Cheer Breweries Ltd. vs. B9 Beverages Ltd., directing…
- **2026-10-28 — Tentative Next Hearing…**: Tentative date fixed for further proceedings after the consolidation of all related…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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