Bira 91 founder Ankur Jain exits after settlement with lenders; says company needs fresh capital

•Ankur Jain, the founder of B9 Beverages, has stepped down from the board and his executive role after signing a settlement with lenders and investors.

•The settlement includes the withdrawal of all litigation, release of personal guarantees, and the promoter family's exit from the company's board and executive positions.

•The settlement took nearly two years to reach, involving nearly 30 stakeholders with "genuinely different, often competing interests."