CCD Bankruptcy – CCD operator files for bankruptcy after owing 228 crore in debt
Coffee Day Enterprises, the owner of Café Coffee Day (CCD), has been the subject of an insolvency petition filed with NCLT by IDBI Trusteeship Services for unpaid debts of 228 crore.
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Coffee Day Enterprises stated that it is obtaining pertinent legal counsel in the matter. This occurs a month after the NCLAT granted a stay of an NCLT judgment opening insolvency proceedings against Coffee Day Global based on an appeal from IndusInd Bank involving 94 crore in unpaid debt.
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