“In a major setback to the US- based fast food chain McDonald’s in India, the National Company Law Tribunal (NCLT) today restored its estranged partner Vikram Bakshi as the Managing Director of Connaught Plaza Restaurant Ltd. The tribunal has said the meeting of Connaught Plaza Restaurants Ltd (CPRL) of August 6, 2013 in which Bakshi was removed as MD of the company was illegal, unjust and malafide,” reported the PTI.

A Supreme Court five-judge constitution bench headed by Chief Justice of India (CJI) HL Dattu, and justices AK Sikri, Arun Mishra, Rohinton F Nariman and Amitava Roy declined to interfere with the setting up of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal ...

The Supreme Court has ruled today that all Indian company-related cases should be transferred to the National Company Law Tribunal (NCLT) from high courts and company adjudication bodies throughout the country, by upholding the validity of a 2002 amendment to the 1956 Companies Act.