MIPL, a subsidiary of McDonald's Corporation had filed a writ petition before the High Court questioning the validity of the contempt notice issued by the NCLT against it.
On September 5, NCLT had issued show-cause notice to fast food major McDonald's Corporation and McDonald's India Pvt Ltd (MIPL) over the contempt plea filed by Bakshi. He had alleged that by terminating its licence the US-based food giant has violated the NCLT order dated July 13 which reinstated him as the Managing Director of Connaught Plaza Restaurants Ltd (CPRL) and also refrained McDonald's Corporation to interfere in the functioning of CPRL.
Counsel for both sides submitted that they would try to complete their arguments before the high court on October 25.
The tribunal also directed the parties to file their replies based on the outcome of the high court order.
While Bakshi challenged the termination terming it as illegal, McDonalds' alleged breach of contract terms and payment default by Bakshi.
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