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

Ajmera: Coffee Day Global, which operates Cafe Coffee Day chain, was admitted in bankruptcy court 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.

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