A probe report has revealed that Mysore Amalgamated Coffee Estates Ltd, an entity belonging to late V G Siddhartha owes ₹3,535 crore to the subsidiaries of the listed entity, Coffee Day Enterprises Ltd (CDEL). Out of this, ₹842 crore was due to these subsidiaries by MACL as of March 31, 2019. Therefore, ₹2,693 crore is the incremental outstanding that needs to be addressed.

In August last year, CDEL had asked Ashok Kumar Malhotra, retired DIG of the Central Bureau of Investigation to probe the purported letter written by founder-chairman of the company, V G Siddhartha before his death.

The report also said a significant portion of the money might have been probably spent to "buy-back," equity from PE investors, repay loans and to pay interest apart from funding certain other private investments which "are outside the scope of this investigation."

The debt levels which were approximately ₹7,200 crore as on March 31, 2019 has been brought down significantly by ₹4,000 crore till date. The existing debt of the group is approximately around ₹3,200 crore.