Coffee Day Enterprises Ltd News
Coffee Day Enterprise share soars 20%, hits upper circuit; Here's why
Shares of Coffee Day Enterprises climbed as much as 19.97 per cent to get locked in the upper circuit at Rs 25.65 per share on the BSE during early trade on Monday
 "Coffee Day Enterprise share soars 20%, hits upper circuit; Here's why")
Coffee Day Enterprises negotiates settlement with IDBI Trusteeship
Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, is trying to negotiate a settlement with its creditor IDBI Trusteeship Services in parallel to the ongoing proceeding before insolvency appellate tribunal NCLAT. On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT over the plea of DBI Trusteeship Services Ltd (IDBITSL). However, this was challenged by IDBITSL before the Supreme Court, which had on January 31, 2025, directed the Chennai bench of NCLAT to dispose of the pending appeal before February 21, 2025. The apex court had also directed that if the appeal filed by CDEL is not disposed of by NCLAT, then the order passed by the appellate tribunal staying the Corporate Insolvency Resolution Process (CIRP) shall stand vacated automatically. Updating the status, CDEL in a regulatory filing on Sunday informed: "The arguments in NCLAT are ongoing and in parallel the parties are .
 "Coffee Day Enterprises negotiates settlement with IDBI Trusteeship")
NGL, Zaggle, others from BSE Smallcap freeze in lower circuits of up to 20%
Indo Tech Transformers, V2 Retail, Coffee Day Enterprises, Veritas (India) and Rajoo Engineers are others from the BSE Smallcap index locked in their respective lower circuit on the BSE
 "NGL, Zaggle, others from BSE Smallcap freeze in lower circuits of up to 20%")
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
