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Vikram Bakshi News

10 May 2019

McDonald's strikes out-of-court settlement with Vikram Bakshi

As part of the agreement, the US fast food chain will buy out for an undisclosed sum Vikram Bakshi and his entities' 50 per cet stake in Connaught Plaza Restaurants Pvt Ltd (CPRL) that operates McDonald's chain of quick service restaurants in northern and eastern India.

29 Dec 2017

Junk the junk? McDonald's says several McDonald's outlets in India may not be safe

The partnership between McDonald's and Connaught Plaza Restaurants Ltd in India is embroiled in a bitter legal dispute with accusations being hurled by both camps. The question remains: Is it time to junk the junk?

McDonald's India

26 Dec 2017

McDonald's dispute: Singhvi writes to CPRL logistics partner to resume supply

CPRL is a 50:50 joint venture between McDonald's India Pvt Ltd (MIPL) and Vikram Bakshi.

26 Dec 2017

McDonald shops in east, north India hit by supply woes: Bakshi

McDonald's India in August terminated the franchise agreement and had asked CPRL not to use its brand system, trademark, designs and its associated intellectual property, among others.

McDonald's India

10 Dec 2017

McDonald's may appoint new partner for north, east India

In August this year, McDonald's had terminated franchise agreement for 169 out of its 430 fastfood outlets operated by Bakshi-led Connaught Plaza Restaurant Ltd (CPRL) in north and east India, alleging breach of contract terms and payment default by the operator.

McDonald's India outlets

25 Oct 2017

McDonald's case: NCLAT adjourns hearing till November 16

The tribunal also adjourned the hearing on McDonald's plea which has challenged reinstatement of Bakshi as the Managing Director of Connought Plaza Restaurants Ltd (CPRL) by the NCLT.

26 Sep 2017

HC seeks reply of Vikram Bakshi on McDonald plea to enforce arbitral award

The London Court of International Arbitration (LCIA) in its September 12, 2017 order had directed Bakshi to sell his stake in the joint venture (JV), Connaught Plaza Restaurants Pvt Ltd (CPRL), to McDonald's India Pvt Ltd (MIPL).

19 Sep 2017

18 of the 43 McDonald's outlets in Delhi reopened: Vikram Bakshi

The development follows a decision by the board of Connaught Plaza Restaurants Ltd (CPRL), which passed a resolution on September 17 to reopen 21 outlets for which health licences have since been received, Bakshi said in a statement today.

18 Sep 2017

McDonald’s India row: CPRL to pursue legal recourse against licence scrapping, says Bakshi

CPRL is a 50:50 joint venture between MIPL and Bakshi. The company's board has equal representation of two directors each from the two parties.

McDonalds new partner

18 Sep 2017

Here's the latest updates about McDonald's

McDonald's India

14 Sep 2017

McDonald's-Bakshi row: UK panel for fair valuation of JV

The partners had resorted to arbitration after McDonald's in November 2013 issued a notice to terminate partnership with Bakshi for setting up and operating its popular fast food outlets in northern and eastern India.

13 Sep 2017

McDonald's asks suppliers not to deal with CPRL

McDonald's India Pvt Ltd (MIPL) had last month terminated franchise licence of 169 outlets operated by Connaught Plaza Restaurants Ltd (CPRL) in north and east India.

10 Sep 2017

126 McDonald's outlets in north, east India still open: Vikram Bakshi

McDonald's estranged partner Vikram Bakshi has claimed that 126 outlets in north and east India continue to operate fully even as the US-based fast food chain said it was taking action to enforce cancellation of its franchise licence.

McDonald's India outlets

07 Sep 2017

NCLAT gives no interim order on Bakshi's plea; fate of 169 McDonald's outlets still in limbo

NCLAT will hear Bakshi's plea on licence termination along with McDonald's petition against his reinstatement on September 21.

McDonald's India outlets

07 Sep 2017

169 McDonald's stores stare at closure from today; NCLAT to hear plea

McDonald's on August 21 terminated the franchise agreement for the 169 outlets operated by CPRL.

McDonald's India outlets

06 Sep 2017

Will McDonald's 169 India outlets face closure today?

McDonald's India had cancelled license agreement with CPRL last month for 169 outlets in North and East India and asked to stop using the McDonald's trademarks, branding, food recipes and specifications, among others from September 6.

McDonald's India

05 Sep 2017

CPRL board to meet on Wednesday, fate of 169 McDonalds outlets uncertain

McDonald's India, which had cancelled license agreement with CPRL last month, said the termination notice period ends on Tuesday after which the franchisee is not "authorised to use the McDonald's system and its intellectual property".

30 Aug 2017

McDonald's not for settlement with Bakshi; NCLAT issues notices

NCLAT had last week asked both the parties to decide by Wednesday, whether they would consider settling dispute on their own or not.

25 Aug 2017

McDonald's case: NCLAT asks parties to settle row themselves

Putting off the matter for next hearing to August 30, the tribunal asked McDonald's to give an undertaking that the 169 outlets will be allowed to function till the negotiations are on.

06 Jul 2017

'43 McDonald's outlets ran sans valid licence since April'

American fast food chain McDonald's 43 outlets in the national capital operated for nearly three months from April 1 without valid 'health licences' from local authorities, its estranged India partner Vikram Bakshi on Thursday alleged.

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