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Mumbai: Coffee Day Global, which operates the Cafe Coffee Day chain across India, was admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court last week, said people aware of the development..
The National Company Law Tribunal (NCLT) passed an oral order on Thursday to admit the unlisted company based on a petition filed by IndusInd Bank...
Coffee Day Global, a subsidiary of listed Coffee Day Enterprises, was promoted by the late VG Siddhartha, who committed suicide in 2019 which shocked many in the business community...
Unlisted Coffee Day Global owns 495 Cafe Coffee Day outlets in 158 cities and 285 CCD Value Express kiosks, according to the company's annual report for FY22..
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NCLT admits Coffee Day Global for bankruptcy process, says report
24, Jul, 23Last week, the bankruptcy court passed an oral order in which it admitted the unlisted company for insolvency based on a petition filed by IndusInd Bank. Till now, there has been no official statement by the Coffee Day Group.