On Tuesday, it reported a total default of Rs 470.18 crore on payment of interest on loans and repayment of principal amount from banks and financial institutions for the quarter ended June 30, 2022. The debt-ridden company, which is bridging its debts through asset resolution, has a total debt of Rs 495.18 crore, including short-term and long-term debt.

Coffee Day Enterprises Ltd said, “The delay in loan payment is due to liquidity crunch.”CDEL) in a regulatory update.

CDEL has reported a default of Rs 215.99 crore on repayment of principal amount on loans or revolving facilities like cash loans from banks or financial institutions till June 30, 2022.

Besides, it has also defaulted in payment of interest of Rs 5.78 crore on the above, informed CDEL.

While unlisted debt securities like NCDs (non convertible debentures) And NCRPS (non-convertible redeemable preference shares), the outstanding amount of default as on June 30, 2022 is Rs 200 crore, along with default in payment of interest of Rs 48.41 crore on the same.