US fast food chain McDonald's has selected MMG Group chairman Sanjeev Agrawal as its new partner to operate its outlets in north and east India, the company said
McDonald's prescribes stringent norms for north, east franchise, talks with Indian partners hit roadblock
In May this year, McDonald's had said it reached an out-of-court settlement with estranged partner Vikram Bakshi, buying out the former partner from their joint venture.
McDonald's case: Vikram Bakshi withdraws plea seeking permission to go abroad; NCLAT allows wife to travel abroad
During the proceedings, Bakshi's counsel sought permission to withdraw the application seeking permission to travel and requested the NCLAT to allow his wife to travel as she was not holding any shares.
NCLAT directs Vikram Bakshi to file affidavit within a week on amount received from McDonald's for his shares
Bakshi 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.
McDonald's reopens 13 stores in Delhi-NCR, permanently removes some of the least popular items from menu
McDonald has also taken Maaza beverage off the list, a fruit-based drink brand from Coca-Cola
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.
Nearly 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
McDonald's dispute: Administrator Justice G S Singhvi writes to Radhakrishna Foodland to resume supply
McDonald'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
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 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
McDonald's has said that licences of number of its restaurants operating in Delhi have expired