Vikram Bakshi

Bakshi doesn't want to go abroad now; NCLAT allows wife to travel

Bakshi's counsel sought permission to withdraw the application seeking permission to travel and requested the NCLAT to allow his wife to travel

NCLAT hauls up Vikram Bakshi, asks him to deposit security to go abroad

Appellate tribunal asks Bakshi and his wife to deposit Rs 5 crore each as security before flying out of the country

NCLAT keeps Bakshi deal with McDonald's on hold, bars him from going abroad

Two-member bench headed by Justice S J Mukhopadhaya says prima facie there is a case for deal to be stayed for now and the case to be heard on merits

McDonald's row: NCLAT gives Bakshi last chance to settle dispute with Hudco

The appellate tribunal was hearing an intervention plea by HUDCO, claiming dues of Rs 195 crore from Bakshi

Might is not always right: Vikram Bakshi on legal dispute with McDonald's

US food major's JV partner was reinstated as the MD of the Connaught Plaza Restaurants on Thursday

McDonald's outlets may reopen soon; NCLT reinstates ousted MD Vikram Bakshi

After dozens of hearings and nearly four years of court drama, Vikram Bakshi, ousted managing director of Connaught Plaza Restaurants Pvt Ltd (CPRL), is set to regain his position. The principal bench of the National Company Law Tribunal (NCLT), a quasi-judicial body overseeing company affairs, has reinstated him; an order it issued on Thursday declared the steps towards his ouster in August 2013 "illegal, unlawful, unjust and malicious". The NCLT bench of M M Kumar, president, and S K Mohapatra, member, also appointed an administrator, former Supreme Court judge G S Singhvi, to "break the impasse" on the board of directors. He is to get equal voting power as any other board member of CPRL. Appointment of an administrator with voting power is crucial in the matter as the current board is represented by two members each from either party, McDonald's and Bakshi, and are at loggerheads. Reaching any conclusive decision is thus impossible under such a representation. To re-elect ...

Delhi HC defers searches on Vikram Bakshi's premises

Bakshi is currently fighting against McDonald's on his removal from the position of MD