Coffee Day Enterprises Settles Rs. 205 Cr Debt After NCLAT Ruling

The NCLAT quashed insolvency proceedings against Coffee Day Enterprises Ltd. (CDEL), overturning the NCLT’s order filed by IDBI Trusteeship Limited (ITSL). Following this, Coffee Day shares hit a 20% upper circuit.

In further development, CDSL has signed a settlement agreement to clear Rs. 205 Cr. of outstanding debt.

As per regulatory filing, repayments will be made in three tranches - ₹55 Cr. from share sales, ₹75 Cr. within 12 months, and the final installment based on financial targets.

CDEL’s revenue rose 7% year-on-year, with third quarter revenues 9% higher, representing consecutive revenue growth.