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Bakshi files fresh appeal at NCLT against McDonald's termination pact

NCLT to hear the new plea on Thursday and decide if the fresh appeal is proper

Vikram Bakshi, Mc Donald's
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Vikram Bakshi

BS Web Team
A day after the National Company Law Tribunal dismissed his plea challenging the decision of quick service restaurant (QSR) chain McDonald's to terminate its franchise agreement with Connaught Plaza Restaurants Ltd (CPRL) for North and East India, CPRL Managing Director Vikram Bakshi on Wednesday filed a fresh appeal.
NCLT will on Thursday hear the matter to see if the fresh appeal is proper. Bakshi did not specifically comment on whether the 169 stores in North and East India would remain shut from Wednesday.

The board of CPRL, the 50:50 joint venture between McDonald's India and Bakshi, was to meet on Wednesday amid