Cafe Coffee Day reaches settlement with IndusInd Bank; NCLAT sets aside NCLT admission of insolvency plea

Both the Bank and Cafe Coffee Day urged the NCLAT to terminate the corporate insolvency resolution process earlier initiated against the coffee chain.
cafe coffee day
cafe coffee day

The National Company Law Appellate Law Tribunal (NCLAT), Chennai has set aside a National Company Law Tribunal (NCLT), Bengaluru order that had admitted an insolvency plea against Coffee Day Global, the parent company of famous coffee chain, Cafe Coffee Day (CCD). [Malavika Hegde, Suspended Director of Coffee Day Global Limited v. IndusInd Bank Ltd. & Anr]

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