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HC seeks Bakshi's reply on McDonald's plea to enforce arbitral award

The Delhi High Court today sought response of Vikram Bakshi, estranged partner of McDonald's India on the company's plea seeking enforcement of an arbitral award to transfer shares in their joint venture to it. According to a PTI report: The...

McDonald's row: NCLAT to study LCIA award before further action

The National Company Law Appellate Tribunal (NCLAT) said it will study the award of the London Court of International Arbitration (LCIA) that asked McDonald's estranged partner Vikram Bakshi to sell his stake in the JV firm CPRL to the...

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

McDonald's estranged partner Vikram Bakshi said 18 out of the 43 outlets of the burger chain in the capital that have been closed since June due to expiry of eating house licences, reopened on Tuesday. The development follows a decision...

CPRL to continue full legal recourse against termination of licence

McDonald's estranged partner Vikram Bakshi on Monday said the board of CPRL, the franchisee of the US fast food chain for north and east India, has decided to continue full legal recourse against termination of licence. According to a PTI...

UK panel appointed for fair valuation of JV between McDonald's and Bakshi

An international arbitration panel has directed appointment of experts to determine a fair value of the joint venture between McDonald's India and Vikram Bakshi so that the US fast food chain can buy out its estranged partner. According to a...

169 outlets in north and east will continue to operate under McDonald's brand: Vikram Bakshi

Vikram Bakshi, the estranged partner of McDonald's, today said the 169 outlets he runs in north and east India will continue to operate under the US brand. According to a PTI report: McDonald's, which had last month terminated franchise pact...

Amid uncertainty, some CPRL-operated McDonald's continue to function

Some of the outlets of McDonald's run by CPRL, franchisee of the US fast food chain for north and east India, continued to function on Wednesday amid uncertainty over the future of 169 such restaurants following the cancellation of...

McDonald's explores legal options post-NCLT verdict on Vikram Bakshi

Fast food major McDonald's today said it is exploring legal options after the NCLT restored its estranged partner Vikram Bakshi as the Managing Director of Connaught Plaza Restaurants Ltd (CPRL). According to a PTI report: Besides, restoring Bakshi as the...

Over 40 Delhi McDonald's outlets suspend operations on expiry of licence

Over 40 McDonald's restaurants in the national capital will remain shut from Thursday because of expiry of licences, a company official said. "It's correct around 40 restaurants have temporarily suspended operations in the city of Delhi from today morning," Director...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

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