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Coffee Day says plea filed against firm for insolvency proceedings before NCLT

Last month, the National Company Law Appellate Tribunal had stayed an order of the NCLT that had directed initiation of insolvency proceedings against the firm.

Men stand outside a Cafe Coffee Day outlet in New Delhi, India.(Reuters file)
Published on Sep 08, 2023 06:24 PM IST

Sebi slaps 26 cr fine on Coffee Day Enterprises, asks to be paid in 45 days

Sebi found diversion of funds amounting to ₹3,535 crore from 7 subsidiaries of Coffee Day Enterprises Ltd (CDEL) to Mysore Amalgamated Coffee Estates Ltd, an entity related to promoters of CDEL, according to its 43-page order.

The company in consultation with the NSE, is required to appoint an independent law firm to take effective steps for recovery of the outstanding dues.(REUTERS)
Updated on Jan 25, 2023 06:28 AM IST
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