NCLT issues show cause notice to McDonaldâs on Bakshiâs plea
The National Company Law Tribunal has dismissed Vikram Bakshi's plea challenging termination of franchise agreement by McDonald's, and also issued a show cause notice to McDonald's in Bakshiâs contempt application. It has asked McDonald's why contempt proceedings may not be initiated against the company. Earlier, McDonald's had informed NCLT that settlement with Bakshi was not possible.