Company Law Board
On Tuesday, Vikram Bakshi – the estranged Indian partner of McDonald’s Corp – asked the US fast food chain to return all the prime properties which had been leased to the company to set up its restaurants in India. The arguments on behalf of Bakshi were concluded by his counsel S N Mukherjee, at the [...] Continue Reading »
The CLB advised the respondents, in an interim order on April 9, to refrain from selling or creating any third party interest in the property. The respondents include M Shivaram, Chairman and Managing Director of Aruna Hotels; Kartick Shivaram, Executive Director; and the Directors S Kalyanam, CL Ravichandran, and Kamal Babbar. The 1.2 acre property [...] Continue Reading »
The country’s largest car maker company, Maruti Suzuki India Ltd, plans to buy real estate for dealers in India and constructing factories for its Japanese parent Suzuki Motor Corp. In growing markets like Latin America and Africa—moves that are likely to shock its investors. The two people familiar with the development say that the company, in [...] Continue Reading »
