NEW DELHI: Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday jumped 20 per cent to hit its upper circuit limit after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings against the company. The stock of Coffee Day Enterprises Ltd (CDEL) zoomed 19.97 per cent each…
New Delhi, Mar 3 (PTI) Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday jumped 20 per cent to hit its upper circuit limit after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings against the company. The stock of Coffee Day Enterprises Ltd (CDEL) zoomed 19.97…
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Shares of Coffee Day Enterprises jumped 20 percent to hit the upper circuit at Rs 25.65 apiece on March 3, after an exchange filing on February 28 said that the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) has ruled in its favour, dismissing the bankruptcy plea against the company by IDBI Trusteeship involving a Rs…
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In August last year, the Bengaluru Bench of the NCLT had ordered insolvency proceedings against CDEL while hearing a petition filed by its financial creditor IDBI Trusteeship Services Limited (IDBITSL) over an alleged non-payment of dues of ₹228 crore. The tribunal had ordered to appoint an interim resolution professional to take care of the operation of the debt-ridden…
Elaine Wilkins, from Antony Batty & Company, said directors often find themselves in a cycle of liquidation and business restart. She said: “‘What am I going to do for work if I have to liquidate my company?’ is a question I am frequently asked by directors seeking to start anew after a liquidation. “I always…
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