Mumbai, March 3 -- The core of the legal dispute revolved around an alleged default of Rs 228 crore. Initially, the Bengaluru bench of the National Company Law Tribunal (NCLT) had admitted IDBI Trusteeship's plea, triggering the commencement of the Corporate Insolvency Resolution Process (CIRP) and appointing an interim resolution professional to oversee Coffee Day Enterprises' operations. This initial ruling posed a significant threat to the company's future, potentially leading to its restructuring or liquidation.

In response, Coffee Day Enterprises swiftly challenged the NCLT's decision, filing an appeal with the NCLAT. The appellate tribunal initially granted a stay on the CIRP, providing temporary relief to the company. However, IDB...