CCD

Coffee Day Global admitted corporate insolvency after failed negotiations with IndusInd Bank.The Bengaluru Bench of NCLT approved the bankruptcy case.

In January 2023, SEBI imposed a ₹26 crore penalty on the company for diverting ₹3,535 crore from 7 subsidiaries to a promoter-related entity, Mysore Amalgamated Coffee Estates Ltd.

#CoffeeDay #Insolvency #SEBI #Bankruptcy

While #SEBI probes #Gensol for share manipulation and fund diversion, scrutiny also turns to public sector lenders like IREDA that disbursed large sums with limited oversight.

#SEBI is investigating suspicious profit in Spright Agro after 40x capital jump, price spike.