Cafe Coffee Day insolvency process resumes after NCLAT fails to meet SC deadline

Quick Summary:

Coffee Day Enterprises Ltd (CDEL) faces resumed insolvency proceedings as the NCLAT did not issue its order by the Supreme Court’s deadline.

The insolvency process, initially started due to Rs 228.45 crore default claim, was previously stayed pending appeal.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaBangladeshNew Zealand

Topics: Business news CDEL Financial struggles Coffee Day Supreme Court deadline Cafe Coffee Day insolvency NCLAT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 18:13:37 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 786 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 26371988

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