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  • NCLAT orders review of McDonald's-Vikram Bakshi settlement Sep 18, 2019 05:28 PM IST

    NCLAT orders review of McDonald's-Vikram Bakshi settlement

    A two-member NCLAT bench headed by Chairperson Justice SJ Mukhopadhaya also asked Bakshi not to leave the country without its permission

  • NCLAT gives 4 weeks to Bakshi to settle dispute with HUDCO May 28, 2019 05:40 PM IST

    NCLAT gives 4 weeks to Bakshi to settle dispute with HUDCO

    The tribunal also directed Bakshi to file a report on the development by filing an affidavit in the matter before it.

  • HUDCO approaches NCLAT to recover dues from Bakshi May 14, 2019 03:25 PM IST

    HUDCO approaches NCLAT to recover dues from Bakshi

    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).

  • McDonald's strikes out-of-court settlement with Vikram Bakshi May 09, 2019 08:10 PM IST

    McDonald's strikes out-of-court settlement with Vikram Bakshi

    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.

  • NCLT direct McDonald's to reply show cause notice for contempt Jan 22, 2018 01:30 PM IST

    NCLT direct McDonald's to reply show cause notice for contempt

    A two-member bench of the NCLT headed by its President Justice M M kumar listed the matter for hearing on February 7, 2018.

  • HC rejects McDonald's plea against NCLT show cause notice Jan 10, 2018 08:15 PM IST

    HC rejects McDonald's plea against NCLT show cause notice

    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.

  • Vikram Bakshi's CPRL re-opens 16 more outlets in Delhi-NCR Dec 31, 2017 07:55 PM IST

    Vikram Bakshi's CPRL re-opens 16 more outlets in Delhi-NCR

    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.

  • McDonald's follows different food standards for India: Vikram Bakshi Dec 28, 2017 09:20 PM IST

    McDonald's follows different food standards for India: Vikram Bakshi

    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.

  • McDonald's may shut all outlets in east India, several in north: Vikram Bakshi Dec 26, 2017 09:55 AM IST

    McDonald's may shut all outlets in east India, several in north: Vikram Bakshi

    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.

  • NCLT asks McDonald's to file reply in 10 days on contempt plea Sep 28, 2017 08:14 AM IST

    NCLT asks McDonald's to file reply in 10 days on contempt plea

    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.

  • Delhi High Court seeks Vikram Bakshi's reply on McDonald plea to enforce arbitral award Sep 26, 2017 12:15 PM IST

    Delhi High Court seeks Vikram Bakshi's reply on McDonald plea to enforce arbitral award

    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).

  • McDonald's row: NCLAT to study LCIA award before further action Sep 21, 2017 03:59 PM IST

    McDonald's row: NCLAT to study LCIA award before further action

    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.

  • Domino's, Mainland China operators among cos eyeing McDonald's India partnership Sep 18, 2017 10:34 AM IST

    Domino's, Mainland China operators among cos eyeing McDonald's India partnership

    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.

  • UK arbitration court to Vikram Bakshi: Sell CPRL stake to McDonald's Sep 13, 2017 10:56 PM IST

    UK arbitration court to Vikram Bakshi: Sell CPRL stake to McDonald's

    The international arbitration tribunal in London has also rejected Vikram Bakshi's claim that McDonald's India did not validly terminate the JV.

  • McDonald's India asks food suppliers to stop doing business with CRPL Sep 13, 2017 09:31 AM IST

    McDonald's India asks food suppliers to stop doing business with CRPL

    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.

  • 126 McDonald's outlets in north, east India still open: Vikram Bakshi Sep 10, 2017 12:25 PM IST

    126 McDonald's outlets in north, east India still open: Vikram Bakshi

    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.

  • McDonald's row: NCLAT refuses to pass interim order on Vikram Bakshi's plea Sep 07, 2017 04:20 PM IST

    McDonald's row: NCLAT refuses to pass interim order on Vikram Bakshi's plea

    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.

  • NCLAT to hear Vikram Bakshi's plea on McDonald franchise pact on September 07 Sep 06, 2017 12:51 PM IST

    NCLAT to hear Vikram Bakshi's plea on McDonald franchise pact on September 07

    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.

  • McDonald's row: NCLT reinstates Vikram Bakshi as MD of Connaught Plaza Restaurant Jul 13, 2017 10:20 PM IST

    McDonald's row: NCLT reinstates Vikram Bakshi as MD of Connaught Plaza Restaurant

    The court has also appointed former Supreme Court judge G S Singhvi to act as administrator in the company with power to vote.

  • '43 McDonald's outlets ran without valid licence since April' Jul 07, 2017 12:07 PM IST

    '43 McDonald's outlets ran without valid licence since April'

    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.

  • Vikram Bakshi offers to buyout McDonalds' 50% stake in JV Jan 30, 2014 10:09 PM IST

    Vikram Bakshi offers to buyout McDonalds' 50% stake in JV

    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

  • Vikram Bakshi challenges termination by McDonalds Dec 17, 2013 07:36 PM IST

    Vikram Bakshi challenges termination by McDonalds

    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).

  • In search of the perfect potato: Mc Donalds in India Jan 05, 2011 09:35 AM IST

    In search of the perfect potato: Mc Donalds in India

    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

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