McDonald's case: NCLAT to study London court order before further decision

Bakshi, the estranged MIPL partner, declined comment on the matter, saying he was awaiting the signed order

The National Company Law Appellate Tribunal (NCLAT) on Thursday said it would study London Court of International Arbitration’s (LCIA’s) order, passed last week, before arriving at a decision on the ongoing dispute between McDonald’s India Pvt Ltd (MIPL) and Vikram Bakshi.

The matter will be heard on October 25, NCLAT Chairman Justice S J Mukhopadhaya said. It was important to understand whether the issue between the two joint venture (JV) partners was a case of operational mismanagement or an arbitral dispute, he added. Bakshi and MIPL have a 50:50 JV in India for the North and East regions.

“We have