Coffee Day Global settles debt issue with IndusInd Bank, NCLAT sets aside insolvency proceedings
Counsel representing CDGL and IndusInd bank on Wednesday informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations.
NCLT had also appointed Shailendra Ajmera as the interim resolution professional after suspending the board. Image Courtesy: Reuters.