Latest News on Mcdonalds India
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Mcdonalds India - Total results - 13
May 20, 2019
Debt Recovery Tribunal asks estranged partner Vikram Bakshi, McDonald's India to appear before itEarlier this month, McDonald's reached an out-of-court settlement with Bakshi, buying out Connaught Plaza Restaurants from the joint venture
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.
Dec 29, 2017
McDonald's follows different food safety and supply standards for India, alleges Vikram BakshiBakshi's response came after McDonald's India earlier alleged lapses in food quality and safety level by "all facets of the supply chain".
Dec 11, 2017
McDonald's India likely to rope in new licensee partner for north, east after Vikram Bakshi rowIn August this year, McDonald's had terminated franchise agreement for 169 out of its 430 fast food 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.
Sep 14, 2017
McDonald's India row: Setback for Vikram Bakshi as arbitration court asks him to sell CPRL stakeThe arbitration panel has asked Bakshi to transfer his 1,45,600 shares in the 50:50 joint venture Connaught Plaza Restaurant Ltd (CPRL) to McDonald's India
Sep 07, 2017
McDonald's vs Vikram Bakshi: Company law appellate tribunal refuses to pass interim orderThis means the fate of 169 McDonald's stores in north and east India hangs by a thread as CPRL's licence to operate the outlets lapsed on 5 September
Sep 06, 2017
McDonald's 169 outlets face closure today; Vikram Bakshi to move NCLAT as 10,000 jobs hang in balanceThe termination notice period ended on 5 September. Store owners such as DLF have started serving notice for vacation to outlets
Sep 05, 2017
National Company Law Tribunal issues show-cause notice to McDonald's CorpVikram Bakshi has been at loggerheads with the fast food chain over the management of CPRL after he was ousted from the post of MD of the McDonald's franchisee in August 2013
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
Aug 23, 2017
McDonald's challenges Vikram Bakshi's reinstatement in company law appellate tribunalMcDonald's India on Wednesday said it has challenged before the NCLAT the order of National Company Law Tribunal (NCLT) reinstating estranged partner Vikram Bakshi as Managing Director of its joint venture, CPRL