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Coffee Day Enterprises Ltd News

NFRA slaps penalty of Rs 2 crore on Coffee Day auditors, bars CAs

NFRA found that the auditors deliberately chose to shy away from their statutory duty to report the fraud and protect the public interest

NFRA slaps penalty of Rs 2 crore on Coffee Day auditors, bars CAs
Updated On : 10 Oct 2024 | 7:29 PM IST

Q1FY25 results today: Glenmark Pharma among over 400 firms to post earnings

Q1FY25 company results: Cosco India, Bajaj Healthcare, Reliance Infrastructure, and Coffee Day Enterprises will be releasing their quarter results on Aug 14

Q1FY25 results today: Glenmark Pharma among over 400 firms to post earnings
Updated On : 14 Aug 2024 | 9:08 AM IST

Coffee Day shares tumble 29% in 2 days: What's brewing at CCD operator?

Coffee Day NCLT proceedings: The Bengaluru Bench of NCLT had admitted IDBI Bank's plea to initiate insolvency proceedings against Coffee Day Enterprises for loans worth Rs 228 crore

Coffee Day shares tumble 29% in 2 days: What's brewing at CCD operator?
Updated On : 13 Aug 2024 | 1:53 PM IST

NCLT orders insolvency trial against Coffee Day Enterprises on IDBI claims

Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI Trusteeship Services Ltd (IDBITSL) claiming a default of Rs 228.45 crore and appointed an interim resolution professional to take care of the operation of the debt-ridden company. CDEL, which also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans, had defaulted in the payment of coupon payments of redeemable non-convertible debentures (NCDs). The financial creditor had subscribed 1,000 NCDs through private placement and paid Rs 100 crore towards the subscription in March 2019. For that CDEL executed and entered into an agreement with IDBITSL agreeing to appoint as the debenture trustee for the debenture

NCLT orders insolvency trial against Coffee Day Enterprises on IDBI claims
Updated On : 10 Aug 2024 | 4:50 PM IST