CCD gets bankruptcy relief post NCLAT stay
Financial Express Mumbai|August 29, 2023
COFFEE DAY GLOBAL, which operates the Cafe Coffee Day (CCD) chain, has been given a temporary relief against bankruptcy proceedings initiated by lender IndusInd Bank last month.
VIVEAT SUSAN PINTO
CCD gets bankruptcy relief post NCLAT stay

The Chennai bench of the National Company Law Tribunal (NCLAT) last week halted the admission of IndusInd Bank's plea against Coffee Day Global, a subsidiary of the listed Coffee Day Enterprises (CDEL), by the NCLT Bengaluru, till September 20.

What this means for CCD is that it gets some more time at a time when it has swung into the black after struggling for the last few years, since the tragic demise of its founder VG Siddhartha in 2019. Coffee Day Global posted a net profit of ₹24.57 crore for the June quarter of 2023-24 (FY24) versus a net loss of ₹11.73 crore reported in the same period last year. Revenue from operations stood at ₹223.20 crore in the quarter under review, a growth of nearly 18% versus the year-ago period, CDEL results for Coffee Day Global showed.

この記事は Financial Express Mumbai の August 29, 2023 版に掲載されています。

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この記事は Financial Express Mumbai の August 29, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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