Coffee Day Enterprises Ltd ne 30 June 2024 ko khatam hue quarter ke liye banks, financial
institutions, aur unlisted debt securities jaise NCDs aur NCRPS par interest aur principal
amount ka total default Rs 433.91 crore report kiya hai.
Coffee Day Enterprises Ltd (CDEL), jo asset resolution ke through apne debts ko kam kar raha
hai, ne ek regulatory update mein kaha “debt servicing mein delay liquidity crisis ke karan
hai.”
Default amount mein koi badlav nahi hai kyunki company ne pichle quarters mein bhi similar
amount report kiya tha. Ye isliye kyunki company 2021 se interest add nahi kar rahi hai.
“Interest aur principal ka repayment karne mein default hone ke karan lenders ne company
ko ‘loan recall’ notices bheje hain aur legal disputes shuru kiye hain. Loan recall notices, legal
disputes aur lenders ke sath pending one-time settlement ke dekhte hue, company ne April
2021 se interest recognize nahi kiya hai,” company ne kaha.
CDEL ne 30 June 2024 tak banks ya financial institutions se loans ya revolving facilities jaise
cash credit par principal amount ke payment par Rs 183.36 crore ka default report kiya hai.
Iske alawa, CDEL ne upar mention kiye gaye interest payment mein Rs 5.78 crore ka bhi
default kiya hai.
Unlisted debt securities jaise NCDs (Non-Convertible Debentures) aur NCRPS (NonConvertible Redeemable Preference Shares) ke liye, 30 June 2024 tak outstanding default
amount Rs 200 crore hai, saath hi interest payment par Rs 44.77 crore ka default bhi hai.
July 2019 mein founder Chairman V G Siddhartha ke nidhan ke baad, CDEL pareshani mein
aa gaya aur asset resolution ke through debts kam kiye.
March 2020 mein, CDEL ne apne technology business park ko bechne ke liye Blackstone
Group ke sath deal conclude karne ke baad 13 lenders ko Rs 1,644 crore repay karne ki
ghoshna ki.
Company Rs 3,535 crore se zyada recover karne ke liye bhi legal course pursue kar rahi hai jo
allegedly company se nikal kar Mysore Amalgamated Coffee Estates Limited (MACEL), ek
personal firm jo uske late founder V G Siddhartha dwara promote ki gayi thi, mein gaya.
Disclaimer- This article is for educational purposes only. Do not invest your hard-earned money without consulting your financial advisor and conducting your analysis.
