Live
- Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
- In special gesture, Kuwait's Prime Minister sees-off PM Modi at airport after conclusion of historic visit
- Veer crowned PGTI Ranking champion, Shaurya wins emerging player honour
- Sr National Badminton: Unseeded Rounak Chauhan, Adarshini Shri reach singles semis
- Punjab seeks central assistance to strengthen security in areas adjoining Pakistan
- Malaysian national held from Tamil Nadu for cyber fraud of Rs 2.81 crore
- Child marriage will be eradicated by 2026: Assam CM
- PMK President Anbumani Ramadoss urges TN government to act against online gambling
- From defence to culture and sports, India and Kuwait sign key agreements during PM Modi's visit
- Mahakumbh 2025: 110 mist blower machines and 107 fogging units to keep Akharas insect-free
Bakshi gets 4 weeks to settle dispute with HUDCO
The National Company Law Appellate Tribunal (NCLAT) on Tuesday gave four weeks' time to Vikram Bakshi
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday gave four weeks' time to Vikram Bakshi to settle his dispute with state owned-HUDCO which is claiming dues of Rs 195 crore from the McDonald's estranged partner.
A two member bench of the appellate tribunal headed by Chairman Justice S J Mukhopadhaya said this would be the "last chance" to Bakshi to settle the dispute with Housing and Urban Development Corporation (HUDCO).
"We allow four weeks' time to Vikram Bakshi to settle the matter with HUDCO," said the NCLAT.The tribunal also directed Bakshi to file a report on the development by filing an affidavit in the matter before it.
Earlier this month, fast-food chain McDonald's and Bakshi had announced to reach an out-of-court settlement, buying out its partner's stake in their JV Connaught Plaza Restaurants Pvt Ltd, which operates fast food chain in northern and eastern India.
