The National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day.
In a regulatory filing, the company said, “…today the Hon’ble National Company Law Appellate Tribunal, Chennai, pronounced the order allowing the appeal filed by the Company and set aside the proceedings of Corporate Insolvency Resolution Process initiated against the Company as per the National Company Law Tribunal, Bangalore dated 08th August 2024.”
More to come…
