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JUDICIARY WATCH

NCLT reinstates Bakshi as CPRL MD

Staff reporter, New Delhi
14/07/2017   0 Comments

Reinstating Vikram Bakshi as the Managing Director of the Connaught Plaza Restaurants Pvt Ltd (CPRL), licensee and joint venture of McDonald’s Corporation in India, the National Company Law Tribunal (NCLT) has barred the US-based company from interfering in the smooth operations of restaurants owned CPRL. 

The NCLT ordered McDonald’s Corporation to restrained from interfering with the smooth functioning of CPRL and all its 154 restaurants open in the assigned territory of North and East India.  

The NCLT order also said: “All steps taken in pursuance of non-election of Vikram Bakshi as Managing Director, are also declared illegal, unlawful, unjust and malicious.”
 

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