Disclose amount received in personal capacity from McDonald's, NCLAT directs Vikram Bakshi

Aditi Singh July 10 2019
Vikram Bakshi

The National Company Law Appellate Tribunal (NCLAT) today directed Vikram Bakshi to state on affidavit the amount received by him and his wife Madhurima Bakshi from McDonald's for the shares held in their personal capacity in Connaught Plaza Restaurant Ltd.

The Appellate Tribunal also asked Bakshi to state on affidavit the total amount sought to be recovered from him through a decree by the Debts Recovery Tribunal (DRT) in favour of HUDCO as well as the total amount that has already been deposited towards its satisfaction.

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