NCLAT sets aside insolvency proceedings against Coffee Day Enterprises

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NCLAT sets aside insolvency proceedings against Coffee Day Enterprises - Business Standard

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Since then, the company has been working on reducing its debts through asset resolutions and has significantly downsized its operations to manage the financial crisis.

Apart from running the popular café brand, CDEL also owns and operates a resort, provides consultancy services, and is involved in the sale and purchase of coffee beans. The financial troubles for CDEL escalated after the demise of its founder and chairman, V G Siddhartha, in July 2019.