Connaught Plaza Restaurants

McDonald's strikes out-of-court settlement with Vikram Bakshi; buys out former Indian partner from joint venture

CPRL is now wholly owned by McDonald's India Pvt Ltd and its affiliate (McDonald's Global Markets LLC, MGM), following the completion of a settlement reached with Bakshi.

McDonald's to get full control of 165 outlets run by Vikram Bakshi as former partners hint at clinching a settlement soon

On Monday, estranged partners McDonald's and Bakshi told the NCLAT that they were working towards an out-of-court settlement to end their over the five-year-old dispute.

All 169 McDonald's outlets to function as usual, insists Vikram Bakshi after NCLAT denies relief; battle heightens

McDonald's, however, said it would enforce its legal right to refrain Vikram Bakshi from using its name, system, trademark, designs and its associated intellectual property

McDonald's 169 outlets face closure today; Vikram Bakshi to move NCLAT as 10,000 jobs hang in balance

The termination notice period ended on 5 September. Store owners such as DLF have started serving notice for vacation to outlets

McDonald's to shut 169 outlets amid dispute with Vikram Bakshi co; 10,000 jobs may be lost

The move will further dent McDonald's share of India's booming quick service restaurants market, where it has already been losing ground to rivals like Domino's Pizza

Setback for McDonald's as law tribunal reinstates Vikram Bakshi as Connaught Plaza MD

Bakshi was at loggerheads with the US-based fast food chain over the management of CPRL.

McDonald's, partner squabble: 43 outlets to shut down in Delhi; 1,700 employees set to lose jobs

McDonald's has said that licences of number of its restaurants operating in Delhi have expired

McDonald's vs Bakshi: This legal battle is far from over

Estranged managing director of Connaught Plaza Restaurants that runs McDonald's chain in North and East India, Vikram Bakshi, is now facing another legal battle as the government backed lender Housing and Urban Development Corporation (Hudco) has moved the court against him after a loan default after he failed to meet loan obligations worth Rs 80 crore.<br /><br />

McDonald's spat with Vikram Bakshi gets murkier: All you need to know

Bakshi, who holds a 50-percent stake in Connaught Plaza Restaurants Ltd, moved the Company Law Board (CLB) on Monday seeking a stay on his removal and submitted that he cannot be removed as MD of Connaught Plaza Restaurants through a general meeting of the company but only via a a meeting of shareholders of the company in accordance with law.<br /><br />

Delhi HC stays CLB order on McDonald's-Bakshi dispute

The Delhi High Court has stayed a Company Law Board (CLB) order to transfer the litigation between McDonald's and Vikram Bakshi, estranged North and East India partner of US fast-food giant, to the Chennai bench of CLB.