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Can't allow McDonald's-Vikram Bakshi deal without hearing Hudco: NCLAT

Tribunal suggests Bakshi settle Hudco Rs 195 crore dues before going ahead with CPRL stake sale

Topics
Mcdonalds  |  Vikram Bakshi  |  Hudco

Aashish Aryan  |  New Delhi 



McDonalds, Mcdonald's, McD

The National Company Law Appellate Tribunal (NCLAT) on Wednesday said that it could not allow the India Private Limited- out-of-court settlement deal to go ahead until Housing and Development Corporation's (Hudco) intervention application seeking Rs 195 crore dues from Bakshi were heard. The matter will be next heard on May 27.

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First Published: Wed, May 15 2019. 20:07 IST

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