However, talks about bankruptcy started for the company again in 2023. On July 20, 2023, the same Bengaluru bench of NCLT admitted an insolvency plea against Coffee Day Global Ltd. (CDGL), which owns and operates the Cafe Coffee Day chain, over a plea filed by IndusInd Bank, claiming dues of Rs 94 crore. However, it was stayed by the appellate tribunal NCLAT on August 11, 2023, and later both the parties reached a settlement.
sekar nallalu Companies,Cryptocurrency,Markets Coffee Day Shares Plunge 15% Following NCLT Insolvency Proceedings
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