Investor Cheer: Coffee Day Shares Climb 20% as NCLAT Blocks Insolvency Proceedings

Investor Cheer: Coffee Day Shares Climb 20% as NCLAT Blocks Insolvency Proceedings

Shares of Coffee Day Enterprises Ltd (CDEL) experienced a significant surge on Monday, climbing as much as 20% to reach ₹25.65 on the Bombay Stock Exchange (BSE). The sharp rise in stock price came after the National Company Law Appellate Tribunal (NCLAT) overturned insolvency proceedings against the company, providing a major reprieve to the operator…