COFFEEDAY CDEL Fate?

[J_D]

Today COFFEEDAY shares were put under Insolvency Resolution Process (IRP) which forbids trading apart from first trading day of the week. As per screener still 2,645 cr is available as reserves with this company and last i heard an insolvency plea of Rs 228 cr which does not make sense given the almost 10x reserves. Some of my shares seems stuck.

Are there
a - Any strategies to exit this position on trading days, as i understand this would instantly hit lower circuit
b. What could typically happen in the next few weeks / months. I would want people who have prior experience of such situation answer this.

Thanks

[TitanTrader]

@J_D

a - Any strategies to exit this position on trading days, as i understand this would instantly hit lower circuit

did you try post market sell orders?

@J_D

What could typically happen in the next few weeks / months. I would want people who have prior experience of such situation answer this.

personal view - not an advice/i’m not a registered entity.

its a financially troubled company which is not able to pay its debt and so the IRP. now you guess whether to accumulate or exit.

[Akash_Shah]

@J_D

What could typically happen in the next few weeks / months. I would want people who have prior experience of such situation answer this.

Not following this company, but in general have seen quite few company going through insolvency.
When someone takes a company to insolvency, it is done generally as last resort, when everything else has failed.

So do not trust reserves, or rumors that a white knight is coming to save it (this happens a lot). Assume company is dead and shareholders are going to get wiped out.
Sell your shares at whatever price you can get.