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NCLT appoints EY-backed Shailendra Ajmera as RP of Coffee Day Global, ET Retail


National Company Law Tribunal has appointed EY-backed Shailendra Ajmera as resolution professional (RP) of Coffee Day Global, according to an order uploaded on its website.

The bankruptcy court has admitted Coffee Day Global company for insolvency proceedings on the behest of IndusInd Bank, which filed a claim in court that the company had defaulted on term loans of Rs 115 crore that were disbursed to it in 2019.

Ajmera is also the resolution professional of insolvent Wadia group airline, Go First.

Coffee Day Global houses the nationwide retail outlet network, Xpress cafés and the office vending business of the group founded by the late VG Siddhartha.

Coffee Day Global is 82% owned by Coffee Day Enterprises, a listed entity.

  • Published On Jul 25, 2023 at 05:35 PM IST

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