The National Company Law Appellate Tribunal (NCLAT) in Chennai has temporarily stayed the order of admission for corporate insolvency against Cafe Coffee Day (CCD), offering relief to the coffee chain. The insolvency plea had been filed by IndusInd Bank, but the NCLAT’s stay order postpones the proceedings until September. Malavika Hegde, former director of CCD and the late VG Siddhartha’s wife, contested the NCLT’s decision and the matter is set for a hearing on September 20. CCD’s subsidiary, Coffee Day Global, was facing insolvency due to a petition filed by IndusInd Bank.