 "McDonalds, Mcdonald's, McD")
The National Company Law Appellate Tribunal (NCLAT) on Wednesday said that it could not allow the McDonalds India Private Limited-Vikram Bakshi out-of-court settlement deal to go ahead until Housing and Development Corporation's (Hudco) intervention application seeking Rs 195 crore dues from Bakshi were heard. The matter will be next heard on May 27.
A two-member bench headed by Justice S J Mukhopadhaya on Wednesday also said that Bakshi would first have to clear Hudco's dues before selling his stake in Connaught Plaza Restaurants Limited (CPRL) to McDonalds India.
Hudco had approached the NCLAT with a plea that Bakshi owed the
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