The National Company Law Tribunal (NCLT) has ordered initiating insolvency proceedings against this leading coffee brand, over a default of Rs.228 crore according to a petition filed by IDBI Trusteehip Services Ltd.  Following the announcement, Coffee Day Enterprises Ltd’s (CDEL) share price dropped by 19.5 percent, reaching an intra-day low of Rs.37.55 per share in … Continue reading Stock falls 19% after company goes bankrupt and to delist from stock market