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Coffee Day stares at bankruptcy as asset sale fails to make headway

According to an exchange filing, for the March quarter, CDEL's outstanding debt was Rs 280 crore

Topics
Coffee Day Enterprises | bankruptcy proceedings | Bankruptcy

Dev Chatterjee  |  Mumbai 



Coffee Day stares at bankruptcy as asset sale fails to make headway
CDEL promoter V G Siddhartha had committed suicide in July 2019 as the company faced an unprecedented liquidity crisis

The lenders to Ltd (CDEL), which owns and operates a café chain, are considering sending the company to the National Company Law Tribunal (NCLT) for debt resolution after the firm announced that it had defaulted on its loans in the March 2021 quarter.

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First Published: Thu, April 08 2021. 06:10 IST

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