New Delhi: The National Company Law Tribunal (NCLT) on Thursday reinstated Vikram Bakshi as managing director of Connaught Plaza Restaurants Pvt. Ltd, an equal joint venture between Bakshi and McDonald’s Corp.Connaught Plaza runs the McDonald’s franchise in North and East India. McDonald’s India had on 30 August 2013 announced that Bakshi’s term as managing director had ended on 17 July. “He shall continue to act as managing director of Connaught Plaza Restaurants Pvt. The same year, McDonald’s revoked its joint venture with Connaught Plaza and invoked arbitration against Bakshi.

Source: Mint July 13, 2017 20:15 UTC