National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday (February 27, 2025) set aside the insolvency proceedings against Coffee Day Enterprises Limited, which runs Cafe Coffee Day chain.
NCLAT, which earlier reserved its order, pronounced the ruling on Thursday (February 27, 2025) and the detailed order copy is awaited.
In a stock exchange announcement, the company said the NCLAT allowed its appeal and set said the National Company Law Tribunal (NCLT) last year’s order initiating the insolvency proceedings.
V.G. Siddhartha’s and Café Coffee Day’s rise through the years
Last week, Coffee Day Enterprises had said the corporate insolvency resolution process against it has been resumed with effect from February 22, 2025…
