NCLT asks McDonald's to file reply within 10 days on Bakshi's contempt plea

Bakshi had filed a contempt petition alleging that termination of the licence has violated the NCLT order

McD, McDonald's
Press Trust of India New Delhi
Last Updated : Sep 28 2017 | 10:40 AM IST
The National Company Law Tribunal (NCLT) has directed McDonald's India to file reply within 10 days over the contempt plea moved by its estranged Indian partner Vikram Bakshi.

While listing the matter for next hearing on October 23, the tribunal has also granted Bakshi a week's time to file rejoinder.

Bakshi had filed a contempt petition alleging that termination of the licence by the US-based food giant has violated the NCLT order dated July 13 which reinstated him as the Managing Director of CPRL and also refrained McDonald's Corporation from interfering with the functioning of CPRL.

Also Read

"Reply to the contempt petition to be filed within 10 days with a copy in advance to the counsel for the petitioners," said an NCLT bench headed by Chairman Justice MM Kumar.

Earlier, on September 5 NCLT had issued show-cause notice to fast food major McDonald's Corporation and its Indian arm over the contempt plea filed by Bakshi.

The tribunal had directed McDonald's Corporation, MIPL and other respondents to reply on the "notice to show cause" by September 20.

Bakshi has been at loggerheads with the fast food chain over the management of CPRL after he was ousted from the post of MD of the McDonald's franchisee in August 2013.

McDonald's India had asked CPRL not to use its brand system, trademark, designs and its associated intellectual property, among others, within 15 days of the termination notice which gets over on September 6.

However, Bakshi continues to operate the outlets saying he won't down the shutters till the time the entire CPRL board meets to decide the future course of action. He has also demanded buy out of his stake at a fair market valuation.

Bakshi had moved the NCLT following termination of license by McDonald's India Pvt Ltd (MIPL).
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 28 2017 | 10:38 AM IST

Next Story