Bakshi doesn’t want to go abroad now; NCLAT allows wife to travel

Vikram Bakshi, estranged partner of McDonald’s India, on Friday withdrew his plea before the National Company Law Appellate Tribunal (NCLAT) seeking permission to travel abroad.

However, a two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya permitted his wife Madhurima Bakshi to travel to Thailand to attend a family function and return by November 9.

Earlier on October 23, the appellate tribunal had come down on Bakshi heavily observing that he had committed a fraud by not following the Debt Recovery Tribunal (DRT) orders and had put a condition to deposit Rs 5 crore each for him and his wife as security for flying abroad.