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McDonald's likely to challenge NCLT order on its MD Vikram Bakshi over Indian joint venture

US fast food chain McDonald's is likely to move against a National Company Law Tribunal's (NCLT) order that reinstated Vikram Bakshi as Managing Director of its Indian joint venture Connaught Plaza Restaurants Pvt Ltd (CPRL). With no signs of resolution of the conflict between the company and its JV partner in sight, 43 outlets of the fast food chain in the Capital continue to remain closed. According to people in the know of the development, McDonald's is preparing to move the tibunal this week against its July 13 order. The NCLT had ordered reinstatement of Bakshi as MD of CPRL -- a 50:50 joint venture between McDonald's India Pvt Ltd (MIPL) and him. CPRL is responsible for operating McDonald's outlets in North and East India. When contacted, McDonald's India spokesperson Barry Sum declined to comment saying the company has no update to share at the moment. On the re-opening of the closed outlets, he told PTI: "The operations of the restaurants affected…

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