New Delhi, April 7 (PTI) Coffee Day Enterprise Co., Ltd. ₹As of March 31, 2025, loan payments and principal loan repayments from banks, financial institutions and unsheld debt securities were 42.538 billion.
Coffee Day Enterprises Limited (CDEL) is cutting its debt through asset solutions and said in a regulatory update: “The delay in debt services is due to the liquidity crisis.”
“The lender has sent a ‘loan recall’ notice to the company due to the default on repaying the lender’s interest and principal and initiated a legal dispute. In view of the loan recall notice, legal dispute, legal dispute, legal dispute and a one-time settlement with the lender, the company has recognized the interest since April 2021.”
CDEL reported ₹As of March 31, 2025, US$17.483 billion of principal or recycle facilities were paid from loans such as cash credit from banks or financial institutions.
In addition, it defaulted on interest paid ₹Cdel said the above is 578 million.
For non-listed debt securities such as non-convertible bonds (NCDs) and non-convertible preferred shares (NCRPs), the outstanding default amount is ₹As of March 31, 2025, 2 million, and default on interest payments ₹The same 44.77 million.
In July 2019, after the death of founder and chairman VG Siddhartha, CDEL cut debts by resolving assets.
In February this year, the National Corporate Legal Appeal Tribunal (NCLAT) put aside bankruptcy proceedings against coffee day businesses.
On August 8, 2024, the Bengaluru Bench at NCLT (National Corporate Court) pleaded guilty to a plea filed by Idbi Tursteeship Services Ltd (IDBITSL) for breach of contract ₹228.45 crore and a provisional resolution professional was appointed to take care of the operation of the debt debt company.
This was immediately challenged immediately before the Court of Appeal NCLAT on August 14, 2024, which stopped at the bankruptcy proceedings initiated by NCLT against CDEL requested by IDBITSL.
In March 2020, CDEL announced the repayment ₹There were 16.44 million to 13 lenders after reaching an agreement with Blackstone Group to sell its tech business park.
The company is also pursuing a legal course to recover ₹$353.5 billion is alleged to have stolen Mysore Merger Coffee House Ltd (Macel), a private company promoted by the late founder VG Siddhartha.
