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NCLAT to study London court's directive to Vikram Bakshi on CPRL stake
Last week, LCIA had asked Bakshi to sell his stake in Connaught Plaza Restaurants Ltd (CPRL), McDonald's franchise for northern and eastern India. CPRL, a joint venture between Bakshi and McDonald's India, operates 169 restaurants across the country. One was brought by McDonald's India against the NCLT order of July reinstating Bakshi as managing director of CPRL. In 2013, the company had voted against the re-election of Bakshi as managing director of CPRL, following which Bakshi challenged his removal in the Company Law Board.
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