McDonald's Case: Tribunal To Hear Vikram Bakshi's Plea On Thursday

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday denied any interim relief to Vikram Bakshi on his plea seeking a stay on termination of franchise agreement by McDonald's for 169 stores operated by Connaught Plaza Restaurant Ltd (CPRL). With this, the fate of 169 stores in north and east India remains in limbo as Connaught Plaza Restaurant Ltd's licence to operate lapsed on Tuesday. CPRL is a 50:50 JV betwe...