Coffee Day Enterprises Ltd - 539436 - Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015
It is hereby informed that in connection with a loan of Rs.100 crore raised by a subsidiary company, the lender of the subsidiary company has filed a petition before the Principal Bench, National Company Law Tribunal, Bengaluru under Section 7 of Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against the Company for Rs 122.50 crore. The Company has requested the subsidiary for amicable settlement vide discussions with the lender of the subsidiary company.20-09-2022