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Bakshi asked to deposit Rs 5 crore to travel abroad

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed Vikram Bakshi, the estranged partner of McDonald’s, to submit Rs 5 crore as a security

deposit

for permission to

travel

abroad. A two-member NCLAT bench headed by chairman Justice S J Mukhopadhaya asked Bakshi and his wife Madhurima Bakshi to deposit Rs 5 crore each by Thursday for permission to travel overseas.


On September 18, the NCLAT had restrained Bakshi from travelling abroad without its permission.

Bakshi’s counsel informed on Wednesday that dues of Hudco would be cleared by him soon.
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