NCLAT seeks details of settlement with McDonald's from Vikram Bakshi

Appellate tribunal also asks Bakshi to indicate how much he can pay Hudco, which is seeking Rs 190 crore

The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed Vikram Bakshi and his wife Madhurima Bakshi to file on an affidavit detailing the proceeds obtained by them from the sale of their stake in Connaught Plaza Restaurants Limited (CPRL) to McDonalds India Private Limited.

 

A two-member bench led by Chairperson Justice S J Mukhopadhaya also directed Bakshi to