NCLAT orders interim stay on insolvency proceedings against Cafe Coffee Day parent company
The appellate tribunal granted an interim stay on the order passed by the Bengaluru bench of NCLT that had triggered insolvency proceedings against CDEL.
The National Company Law Appellate Tribunal (NCLAT) at Chennai on Wednesday stayed the corporate insolvency resolution proceedings (CIRP) initiated against Coffee Day Enterprises Ltd (CDEL), which runs the Cafe Coffee Day chain.