يحاول ذهب - حر
NCLAT Sets Aside Coffee Day Enterprises Insolvency Case
February 28, 2025
|Mint Chennai
The Case Began in Sept 2023, When IDBI Trusteeship Approached NCLT for Insolvency Proceedings Against CDEL
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day (CCD), dismissing IDBI Trusteeship's bankruptcy plea over an alleged ₹228 crore default.
The ruling came in response to a plea by Malavika Hegde, a shareholder and director at CDEL challenging an 8 August 2024 National Company Law Tribunal (NCLT) order, which had admitted IDBI Trusteeship's insolvency plea against the company.
The appellate tribunal had provided interim relief by staying the proceedings on 14 August 2024. However, proceedings had resumed as the NCLAT was unable to pass its final order before the Supreme Court's deadline of 21 February. IDBI Trusteeship Services Ltd (IDBITSL) had escalated the matter to Supreme Court, which, on 31 January, directed the NCLAT to resolve pending appeals by 21 February. However, as the appellate tribunal missed this deadline, the insolvency process was temporarily reinstated.
هذه القصة من طبعة February 28, 2025 من Mint Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Chennai
Mint Chennai
Has Street already priced in AU's universal banking leap?
AU's universal banking transition should help sustain growth and reduce costs.
1 mins
March 11, 2026
Mint Chennai
IndiGo CEO Elbers resigns just months after Dec chaos
Founder and managing director Rahul Bhatia has stepped in as the airline's interim chief
3 mins
March 11, 2026
Mint Chennai
India must leverage its data for access to top AI models
Apple is premium but needs a sales boost amid a shortage of chips
3 mins
March 11, 2026
Mint Chennai
Feb e-way bill numbers show robust economic activity
The extra spending is led largely by higher food and fertilizer subsidies, among other things
1 min
March 11, 2026
Mint Chennai
Meta ups ad fees to cover digital taxes
The company emailed advertisers to inform them of new “location fees.” These will apply to digital ads delivered in particular countries, even if the advertiser isn’t based there.
1 min
March 11, 2026
Mint Chennai
SpaceX weighs Nasdaq listing
Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public offering (IPO) of all time, according to four people familiar with the company's thinking.
1 min
March 11, 2026
Mint Chennai
Refiners raise gas output, tie up supply
West Asian supply disruptions and rising global prices prompt domestic producers to boost output and secure feedstock
3 mins
March 11, 2026
Mint Chennai
What's inside your chocolate, cocoa butter or vegetable fat?
The regulator is planning stricter labelling rules to make it clear which chocolate product is made with cocoa butter.
2 mins
March 11, 2026
Mint Chennai
Mint poll indicates rise in Feb inflation
Retail inflation under the new series may have risen from 2.8% in January to 3.1% in February.
1 mins
March 11, 2026
Mint Chennai
Cabinet clears final IBC amendments
The Union cabinet on Tuesday approved the final amendments to the Insolvency and Bankruptcy Code (IBC), for which legislation will be moved in the Parliament in the ongoing session, two persons familiar with the development said.
2 mins
March 11, 2026
Listen
Translate
Change font size