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Cafe Coffee Day: NFRA Bans MACEL and TDL's Auditors for 5 To 10 Years, Imposes Penalties

April 27, 2023
Taking stern action against two chartered accounts (CAs) and an audit firm in the matter of Coffee Day Enterprises Ltd (CDEL) and its subsidiaries Mysore Amalgamated Coffee Estate Ltd (MACEL) and Tanglin Developments Ltd (TDL), the national financial reporting authority (NFRA) has imposed a ban of 10 years on CA Lavitha Shetty and a ban of five years on CA C Ramesh.
Ajay Bhushan Prasad Pandey Lavitha Shetty Pranaavg Ambekar Vasanthi Hegde Praveen Kumar Tiwari Smita Jhingran
Source: moneylife.in

Café Coffee Day: Management Remains in Place despite Fraud, Misappropriation and Diversion of Funds

April 20, 2023
“A lot can happen over a cup of coffee” is the famous tagline of the much-loved brand which gave Indians their first taste of coffee shops and quality coffee. Well, a lot is happening at Café Coffee Day Enterprises Ltd (CDEL); but none of it is good news for investors.
Lavitha Shetty Nirmala Sitharaman Pranaavg Ambekar Malavika Hegde National Financial Reporting Authority Institute Of Chartered Accountants India
Source: moneylife.in

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