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Cafe Coffee Day bankrupt? Troubles brew as debt soars

Apr 08, 2021 10:21 IST | By Editorji News Desk

Bankruptcy could be on the menu for Coffee Day Enterprises which has disclosed outstanding debt of Rs 280 cr in an exchange filing. Worries are brewing as it has defaulted on loans in the quarter gone by due to a liquidity crisis as per reports. 

Sources have told Business Standard that lenders to Coffee Day Enterprises are considering sending the company to the National Company Law Tribunal due delayed payments on loans. 

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