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Hudco hurdle causes delay in NCLAT thumbs-up for Bakshi-McDonald's settlement

Updated : May 15, 2019 06:20 PM IST

The court observed that Bakshi should first explore settlement with the Housing and Development Corporation (Hudco).
State-owned Hudco on Monday approached the NCLAT to recover its dues from Bakshi, who has agreed for an out-of-court settlement with McDonald's, ending their six-year-long dispute.
Hudco has claimed that an amount of Rs 185 crore, including interest, is due.
Hudco hurdle causes delay in NCLAT thumbs-up for Bakshi-McDonald's settlement

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