The Board of Coffee Day has appointed Cyril Amarchand Mangaldas as its legal counsel. A press release by the company states:.“The Board has also appointed Cyril Amarchand Mangaldas as its legal counsel to advise it on the foregoing and related matters.”.The Cyril Amarchand team will be led by Managing Partner Cyril Shroff along with Partners Arjun Lall and Reeba Chacko..The Coffee Day Board has also appointed SV Ranganath as the interim Chairman of the Board..These announcements were made post the tragic demise of VG Siddhartha..The release also states that the Board took cognizance of VG Siddhartha’s relating letter to financial transactions outside the knowledge of the senior management, auditors and the Board. The filing also states that the letter remains unverified. It goes on to state that it was unclear whether the troubles he spoke about were in his personal capacity or regarding the company’s holdings..Read the Press Release:.Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
