Sep 18, 2019 05:28 PM IST
A two-member NCLAT bench headed by Chairperson Justice SJ Mukhopadhaya also asked Bakshi not to leave the country without its permission
- May 28, 2019 05:40 PM IST
The tribunal also directed Bakshi to file a report on the development by filing an affidavit in the matter before it.
- May 14, 2019 03:25 PM IST
HUDCO claims that it had given Rs 60 crore loan to Bakshi for his hospitality company, Ascot Hotels Pvt Ltd and the loan account turned into NPA (non performing asset).
- May 09, 2019 08:10 PM IST
Connaught Plaza Restaurants Pvt Ltd (CPRL) is now wholly owned by McDonald's India Pvt Ltd (MIPL) and its affiliate (McDonald's Global Markets LLC, "MGM"), following the completion of a settlement reached with Bakshi, the company said in a statement.
- Jan 22, 2018 01:30 PM IST
A two-member bench of the NCLT headed by its President Justice M M kumar listed the matter for hearing on February 7, 2018.
- Jan 10, 2018 08:15 PM IST
Justice R K Gauba rejected McDonald's plea and said the reasons for it will follow soon in the judgement, which is not yet available. The court had earlier put on hold the show cause notice issued by the NCLT.
- Dec 31, 2017 07:55 PM IST
Nearly 84 outlets, mostly in east India and some in the north, including Delhi, had to shut down on December 25 after 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 28, 2017 09:20 PM IST
The battle between McDonald's India and Bakshi-led Connaught Plaza Restaurants Ltd intensified after the latter's logistics partner Radhakrishna Foodland stopped supplies, which led to closure of about 84 outlets on Monday.
- Dec 26, 2017 09:55 AM IST
All in all there are 80 outlets that have been hit by this cutoff in supplies by Radhakrishna Foodland, a move which is seen as a fallout of the ongoing spat between the fast food major and Bakshi.
- Sep 28, 2017 08:14 AM IST
Bakshi had filed a contempt petition alleging that termination of the licence by the US-based food giant has violated the NCLT order dated July 13 which reinstated him as the Managing Director of CPRL and also refrained McDonald's Corporation from interfering with the functioning of CPRL.
- Sep 26, 2017 12:15 PM IST
The London Court of International Arbitration (LCIA) in its September 12, 2017 order had directed Bakshi to sell his stake in the joint venture (JV), Connaught Plaza Restaurants Pvt Ltd (CPRL), to McDonald's India Pvt Ltd (MIPL).
- Sep 21, 2017 03:59 PM IST
While listing the matter on October 25, the appellate tribunal after hearing both the parties said it will go through the arbitration award by LCIA before proceeding on the matter.
- Sep 18, 2017 10:34 AM IST
The five companies eyeing a franchising opportunity with McDonald's are Speciality Restaurants, Jubilant FoodWorks, Moon Beverages, Hardcastle and Lite Bite, according to Economic Times.
- Sep 13, 2017 10:56 PM IST
The international arbitration tribunal in London has also rejected Vikram Bakshi's claim that McDonald's India did not validly terminate the JV.
- Sep 13, 2017 09:31 AM IST
MIPL sent a letter to its suppliers saying that CPRL is no longer allowed to operate the fast food chain and it must stop the using McDonald’s intellectual property.
- Sep 10, 2017 12:25 PM IST
Outlets of the chain in places such as Gurugram, Kolkata, Durgapur and Lucknow operated by Connaught Plaza Restaurant Ltd (CPRL)-- the equal joint venture between Bakshi and McDonald's -- are operating in full swing.
- Sep 07, 2017 04:20 PM IST
This 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 September 5.
- Sep 06, 2017 12:51 PM IST
With this, the fate of 169 stores in north and east India remains in limbo as Connaught Plaza Restaurant Ltd's (CPRL) licence to operate lapsed yesterday. CPRL is a 50:50 JV between McDonald's and its estranged partner Bakshi.
- Jul 13, 2017 10:20 PM IST
The court has also appointed former Supreme Court judge G S Singhvi to act as administrator in the company with power to vote.
- Jul 07, 2017 12:07 PM IST
Bakshi, an equal joint venture partner of McDonald's India Pvt Ltd (MIPL) in Connaught Plaza Restaurants Ltd (CPRL), the licensee for North and East India regions, said licences had expired on March 31.
- Jan 30, 2014 10:09 PM IST
Bakshi today said that he would like to value the JV without taking into account the payment for the brand as all payments related to the brand goodwill have already been made
- Dec 17, 2013 07:36 PM IST
On December 13, Vikram Bakshi had filed an application with the Company Law Board (CLB) challenging McDonald Corporation's decision to terminate its 50:50 JV with Bakshi's firm Connaught Plaza Restaurants (CRPL).
- Jan 05, 2011 09:35 AM IST
Soon after setting shop in India, McDonalds’ Vikram Bakshi knew he had a problem — the signature French Fries weren’t right. It took him nine years and several experiments to get it right