McDonald’s India and Vikram Bakshi, managing director of the burger chain’s north and east India licencee Connaught Plaza Restaurants Pvt. Photo: MintNew Delhi: McDonald’s India Pvt. CPRL, a joint venture between McDonald’s India and Bakshi, operates 169 McDonald’s restaurants. The tribunal, in a hearing after the Delhi high court’s decision to allow contempt proceedings, had asked McDonald’s Corp. to file a reply to the contempt plea by 30 January. Bakshi challenged his removal at the Company Law Board (now NCLT), accusing McDonald’s India of mismanagement and oppression.

Source: Mint January 29, 2018 16:30 UTC