Latest News on Cprl
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Cprl - Total results - 9
Jul 10, 2019
NCLAT directs Vikram Bakshi to file affidavit within a week on amount received from McDonald's for his sharesBakshi 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.
May 21, 2019
McDonald's reopens 13 stores in Delhi-NCR, permanently removes some of the least popular items from menuMcDonald has also taken Maaza beverage off the list, a fruit-based drink brand from Coca-Cola
May 09, 2019
McDonald's strikes out-of-court settlement with Vikram Bakshi; buys out former Indian partner from joint ventureCPRL 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.
May 08, 2019
McDonald's to get full control of 165 outlets run by Vikram Bakshi as former partners hint at clinching a settlement soonOn 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.
Dec 28, 2017
Vikram Bakshi led CPRL opens 16 closed outlets, McDonald's flags food safety flawsNearly 84 outlets, mostly in East India and some in north, had to down shutters on Monday after Vikram Bakshi-led CPRL's logistics partner Radhakrishna Foodland discontinued its supply services alleging reduction in volume and non-payment of certain dues, among others
Dec 26, 2017
McDonald's dispute: Administrator Justice G S Singhvi writes to Radhakrishna Foodland to resume supplyMcDonald's estranged JV partner Vikram Bakshi said nearly all outlets of the food chain in East India have been shut and several others in the north are on the brink of closure due to discontinuation of supplies by its logistics partner
Sep 08, 2017
All 169 McDonald's outlets to function as usual, insists Vikram Bakshi after NCLAT denies relief; battle heightensMcDonald'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
Aug 30, 2017
McDonald's informs company law appellate tribunal, settlement with Vikram Bakshi not possibleMcDonald's on 21 August terminated franchisee agreement for the 169 outlets in north and east that were operated by Connaught Plaza Restaurant Ltd (CPRL), the joint venture (JV) with Bakshi
Jun 29, 2017
McDonald's, partner squabble: 43 outlets to shut down in Delhi; 1,700 employees set to lose jobsMcDonald's has said that licences of number of its restaurants operating in Delhi have expired