NCLAT: Vikram Bakshi withdraws plea for permission to travel abroad
Former joint venture partner of American burger chain McDonald’s, Vikram Bakshi on Friday withdrew his application seeking permission to travel abroad, which was filed before National Company Law Appellate Tribunal (NCLAT).
On October 23, NCLAT had asked Vikram Bakshi and his wife Madhurima Bakshi to deposit Rs 5 crore each by Thursday before flying abroad.
On Friday, a two-member bench headed by Chairperson Justice S J Mukhopadhaya was informed by Bakshi’s counsel that he has decided to withdraw his application to travel abroad.
However the counsel sought permission from the Tribunal to allow Madhurima Bakshi to travel abroad. The NCLAT bench decided to allow her to travel abroad from November 2-8 directing her to return by November 9.
