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Coffee Day Global now in bankruptcy process

Coffee Day Global now in bankruptcy process https://ift.tt/TRP6Ws7 Day Global, which runs the Cafe Coffee Day chain in India, has been admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court following a petition filed by IndusInd Bank. A subsidiary of listed Coffee Day Enterprises, which was promoted by the late VG Siddhartha that committed suicide in 2019, the company has outstanding debt of ₹67.3 crore from IndusInd Bank as of 31 March 2022, with the total debt standing at ₹960 crore, according to its annual report.
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