Cafe Coffee Day

Regulator seeks action to recover Rs 3,500 cr diverted from company

The debt level of Coffee Day Enterprises has been reduced "significantly" to Rs 1,810 crore as on March 31, the company said in its latest annual report. However, there have been certain defaults in repayments of principal and interest of the loans and certain lenders have exercised their rights including recalling the loans, Coffee Day Enterprises Ltd (CDEL) said. "The debt levels have reduced significantly from Rs 7,214 crore as on March 31, 2019 to Rs 1,898 crore as at the end of March 31, 2021 and to Rs 1,810 crore as at the end on March 31, 2022," CDEL added. Following a circular from market regulator SEBI, CDEL on April 6, 2022, had made a disclosure of defaults on payments of interest and repayment of principal amount on loans from banks, financial institutions and unlisted debt securities for the March quarter. "As per the disclosure, the company has defaulted in payment of interest and principal amounting to Rs 230.66 crore on loans/cash credits from banks/financial ...

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Coffee Day Enterprises reported a total default of Rs 470.18 crore on payments of interest and repayment of principal amount on loans from banks and financial institutions for quarter ended June 30

The order comes after the company approached Sebi to settle the matter, pertaining to alleged violations of LODR (Listing Obligations and Disclosure Requirements) norms under the settlement mechanism

Coffee Day Enterprises Ltd (CDEL) said it has reduced debt "significantly" and the management is putting its best efforts to get back the company on track

This comes as pandemic took a toll on demand.

Behind the 'bankruptcy story' of Cafe Coffee Day: The news and what's next

In this podcast, we discuss why Coffee Day Enterprises is in news again? What are the chances of banks recovering their money? And what can we expect next? Listen in

From Coffee Day staring at bankruptcy as asset sale fails to make headway to RBI committing to OMO calendar, here are top headlines this morning

Malavika Hegde of Cafe Coffee Day joins a small league of wives who have gone on to rewrite the future of their companies after the untimely demise of their husbands. What accounts for their tenacity?

While her appointment came as no surprise, she will have to rebuild a struggling enterprise that has been selling its non-core assets to prune its debts

Located in Karnataka, plantations employ 3,000 people & export 20,000 tonnes of coffee annually

His private firm MACEL had Rs 2,693 cr unaccounted dues towards Coffee Day Enterprises, finds probe

Sources said the management and BSR & Associates had several differences over valuation of subsidiaries

Vivek Kaul's Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System provides the answer and I am wiser years after having taken the loan

Menon and his four other co-founders are quite clear that the space where they operate in itself is so vast that they have hardly been able to scratch the surface

An investigation by the board after the death of founder V G Siddhartha is likely to conclude that around Rs 2,500 crore is missing from CDEL's accounts

The shares of the firm were last traded on Saturday (February 1) when the market was open for the Budget announcements

The company had a consolidated net profit of Rs 23.83 crore in the year-ago period

Apart from infrastructure, how can a cafe which has taken a plunge into formalising the co-working arrangments scale up operations?