McD looks at legal option after NCLT verdict

Fast food major McDonald’s on Friday said it was exploring legal options after the National Company Law Tribunal (NCLT) restored its estranged partner Vikram Bakshi as the managing director of Connaught Plaza Restaurants (CPRL).

Besides, restoring Bakshi as the MD of CRPL, the NCLT has also restrained the Illinois-headquartered McDonald’s Corporation, the parent company of McDonald’s India (MIPL), from interfering in the functioning of the joint venture. “We respect the decision of the NCLT. We are examining the judgement and exploring our legal options in the matter,” MIPL said. Any order of NCLT could be challenged before the National Company Law Appellate Tribunal (NCLAT) within 45 days of the order.

“Our stand has been vindicated and we have got justice after fighting for the right cause. I admire the Indian judiciary which has gone in every account and delivered a judgement on Indian entrepreneurship,” Bakshi said.