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vikram bakshi

McDonald's Strikes Settlement with India Partner Ending Six Year Dispute, Will Run Outlet Itself

Ron Christianson, Global Head of Corporate Relations, International Developmental, Licensee Markets, McDonald's, said that the company is looking for a partner to run the operation in the north and east India.
May 10, 2019, 8:24 am explore: Business

McDonald's May Shut All Outlets in East India, Several in North, Say Partners

All in all there are 80 McDonald's 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.
December 26, 2017, 9:34 am explore: Business

Delhi HC Seeks Vikram Bakshi's Reply on McD Plea to Enforce Arbitral Award

The London Court of International Arbitration (LCIA) in its September 12, 2017 order had directed Vikram Bakshi to sell his stake in the joint venture (JV), Connaught Plaza Restaurants Pvt Ltd (CPRL), to McDonald's India Pvt Ltd (MIPL).
September 26, 2017, 12:46 pm explore: India

18 of 43 Closed McDonald's Outlets in Delhi Reopened, Says Estranged Partner Bakshi

The development follows a decision by the board of Connaught Plaza Restaurants Ltd (CPRL), which passed a resolution on September 17 to reopen 21 outlets for which health licences have since been received, Bakshi said in a statement.
September 20, 2017, 12:02 am explore: Business

McDonald's Case: NCLAT Asks Parties to Settle Row Themselves

According to the termination notice issued by McDonald's to CPRL, the outlets have time till September 6 to function, post which they will have to stop using McDonald's name and trademark.
August 25, 2017, 1:22 pm explore: India

'43 McDonald's Outlets Ran Without Valid Licence Since April'

Bakshi said the health licence was necessary from local municipal bodies to run the restaurants for water hygiene and proper maintenance of food, among others.
July 7, 2017, 12:28 pm explore: India

McDonald's Shuts 43 Out of 55 Outlets in Delhi as Eating Licences Expire

In a setback to the US-based fast food chain McDonald's, 43 of the total 55 outlets will be shut in Delhi from Thursday, on failure to renew eating house licenses by its North and East India licensee Connaught Plaza Restaurants Pvt Ltd (CPRL).
June 29, 2017, 4:38 pm explore: India

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