Coffee Day Global Faces Bankruptcy Proceedings: Reports

Cafe Coffee Day (CCD), renowned for spearheading India’s cafe culture, has faced significant challenges in recent years. Coffee Day Global, the operator of CCD chain, is currently confronting a bankruptcy case at the National Company Law Tribunal (NCLT). IndusInd Bank filed the petition, as reported by the Economic Times. The situation marks a notable downturn for the once-thriving cafe chain, drawing attention to its financial woes in the current market.