Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the hearing and reserved its order over the appeal filed by the director of its suspended board, CDEL informed through a regulatory filing
The customer described entering Café Coffee Day to a 'fungus smell' but refrained from complaining. When he requested a small cappuccino, he was informed that only large takeaway cups were available.
CDEL, which also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans, had defaulted in the payment of coupon payments of redeemable non-convertible debentures (NCDs)
It had reported a profit of Rs 4.35 crore in the July-Septemer period a year ago, according to a regulatory filing from Coffee Day Enterprises Ltd (CDEL).
Coffee Day Enterprises shares plunged 19.40 per cent to close at Rs 32 on the NSE. A similar movement was also seen on the BSE, where the scrip tumbled 19.26 per cent to settle at Rs 32.06.
The Bengaluru bench of the NCLT passed an order over a plea filed by a financial creditor of the company, claiming dues of Rs 94 crore, Coffee Day Enterprises Ltd, CDGL's parent company said in a regulatory filing.