Coffee Day defaults on Rs 263 crore payments

A senior Coffee Day executive told ET that the company owed money to four lenders including Axis Bank, SSG Singapore and Aditya Birla Finance. These had been debts that had remained on the company's book since the time of founder VG Siddhartha's death, he said, not willing to be identified.

from Markets-Economic Times https://ift.tt/2RfAU4p