Bakshi denied interim relief in McDonald's franchise row
The National Company Law Appellate Tribunal (NCLAT) on Wednesday denied interim relief to Vikram Bakshi on his plea seeking a stay on termination of the franchise agreement by McDonald's. CPRL, a 50:50 joint venture between McDonaldâs and its estranged partner Bakshi, operates 169 McDonald's outlets in north and east India. Further, the NCLAT is set to hear Bakshi's plea tomorrow.