Hudco

McDonald's case: NCLAT gives Vikram Bakshi 'last chance' to settle matter with HUDCO

The National Company Law Appellate (NCLAT) on Thursday gave Vikram Bakshi, the estranged Indian partner of McDonald's, a "last chance" to settle his dispute with state-run HUDCO, which is claiming Rs 195-crore dues from him

NCLAT directs Vikram Bakshi to file affidavit within a week on amount received from McDonald's for his shares

Bakshi and McDonald's India Pvt. Ltd had approached the NCLAT to withdraw cases filed against each other for management control of Connaught Plaza Restaurants Pvt Ltd.

NCLAT gives 4 weeks to Vikram Bakshi to settle dispute with HUDCO, says last chance to resolve issues

Both McDonald's and Bakshi had moved to withdraw cases filed against each other before the NCLAT to settle their dispute, which was then opposed by HUDCO claiming dues of Rs 195 crore on Bakshi.

Debt Recovery Tribunal asks estranged partner Vikram Bakshi, McDonald's India to appear before it

Earlier this month, McDonald's reached an out-of-court settlement with Bakshi, buying out Connaught Plaza Restaurants from the joint venture

NCLAT admits HUDCO's intervention plea claiming Rs 195 cr dues from Vikram Bakshi

The National Company Law Appellate Tribunal (NCLAT) on Wednesday admitted the intervention plea filed by state-owned HUDCO claiming dues of Rs 195 crore from Vikram Bakshi, the estranged India partner of US-based McDonald's

Moody's assign Baa2 rating to Hudco; outlook stable due to low credit risk business model, support from govt

Moody's further said the key credit weakness of the company is its funding and liquidity management

Government plans HUDCO, NBCC, NTPC share sale; may raise Rs 5,900 crore to exchequer

At the current market price, the sale of 10 percent in HUDCO and NBCC could fetch about Rs 1,000 crore and Rs 1,200 crore to the exchequer.

ONGC's HPCL acquisition: Narendra Modi govt’s aggressive divestment drive is a winner for economy

The government has to take the lead and pump in huge sums into big infrastructure projects. Only this can bring the economy out of the woods. An aggressive disinvestment strategy is critical in this context.

Listed public sector units get time till August 2018 to meet public holding norm

The deadline has been extended to avoid bunching of share sale offers from state-owned firms

CIC asks HUDCO about 'ostentatious gifts' given by CMD, accuses body of being non-transparent

CIC has asked the HUDCO to disclose the details of those who have received the Mont Blanc pens, iPhones and iPads as gifts from its CMD in the last three years.