McDonald’s outlets start reopening as CPRL finds new logistics partner
7 years, 3 months ago

McDonald’s outlets start reopening as CPRL finds new logistics partner

Live Mint  

New Delhi: Connaught Plaza Restaurants Pvt. Ltd, the north and east India licencee of American fast food chain McDonald’s Corp., has partnered with a new logistics firm and has started reopening some of the 84 closed restaurants. Bakshi, managing director of CPRL, said the company is working with a “strong group in logistics space” to deliver raw material to all 84 McDonald’s restaurants that were closed on Monday because of supply constraints. By the end of 2017, all McDonald’s restaurants will be up and running, said Bakshi, without identifying the new logistics partner. This termination has been challenged by Bakshi before the National Company Law Tribunal for being in contempt of an earlier NCLT order, which had asked McDonald’s to refrain from interfering in the functioning of CPRL.

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History of this topic

McDonald's North and East Franchisee Puts Tomato Off the Menu as Price Soars
1 year, 8 months ago

McDonald's North and East Franchisee Puts Tomato Off the Menu as Price Soars

Deccan Chronicle  

New Delhi: Fast food chain McDonald's has stopped using tomato in its food preparations at most of the stores in northern and eastern parts of the country citing the non-availability of quality products, amid the price of the commodity surging up to Rs 200 per kg. McDonald's India - North and East said it is constrained to "hold tomatoes for …

McDonald’s starts delivery services from 8 restaurants in Delhi NCR
4 years, 11 months ago

McDonald’s starts delivery services from 8 restaurants in Delhi NCR

India TV News  

Quick service restaurant chain McDonald’s India on Wednesday said it has re-started delivery services from eight restaurants in the Delhi-NCR from Wednesday. The move comes after the government’s notification, categorising food delivery as one of the essential services during the lockdown period. The company has implemented "additional safety measures” to ensure hygiene and cleanliness, from increasing handwashing frequency to temperature …

McDonald's prescribes stringent norms for north, east franchise, talks with Indian partners hit roadblock
5 years, 4 months ago

McDonald's prescribes stringent norms for north, east franchise, talks with Indian partners hit roadblock

Firstpost  

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. Talks between McDonald’s and Indian partners reportedly hit a roadblock after the American fast food giant prescribed stringent norms for its north and east franchise, said a report in The Economic Times. According to …

What’s on the table at the new McD’s outlets?
5 years, 10 months ago

What’s on the table at the new McD’s outlets?

Live Mint  

US-based fast food giant McDonald’s this month ended its 25-year-old joint venture with Vikram Bakshi, who ran its outlets in north and east India. Earlier this month, McDonald’s announced full ownership of its business in north and east India after buying out its local partner, Vikram Bakshi, in their joint venture—Connaught Plaza Restaurants Pvt Ltd. As part of the transition, …

McDonald's drops several items from menu in reopened stores: Here's what Delhi-NCR residents may not find
5 years, 10 months ago

McDonald's drops several items from menu in reopened stores: Here's what Delhi-NCR residents may not find

India TV News  

US-based fast food McDonald's has dropped many items - like McAloo and Gilled Chicken Wrap - from the menu of the 13 stores, which it has reopened in Delhi-NCR after its agreement with partner Vikram Bakshi to acquire Connaught Plaza Restaurants Pvt Ltd. "To ensure a more consistent McDonald’s India experience across the different regions, we have permanently removed some …

Opinion | Mr McAloo Tikki burger bows out
5 years, 10 months ago

Opinion | Mr McAloo Tikki burger bows out

Live Mint  

Vikram Bakshi, once the chief of McDonald’s franchisee for north and east India, Connaught Plaza Restaurants Ltd, has finally called it quits. After India opened up to foreign fast-food networks in the early 1990s, the US fried chicken chain KFC had beaten McDonald’s in throwing its doors open, but only to face fierce local resistance. Thus came the now-legendary McAloo …

McDonald's acquires Connaught Plaza Restaurants
5 years, 10 months ago

McDonald's acquires Connaught Plaza Restaurants

India TV News  

McDonald's acquires Connaught Plaza Restaurants In 2017, the food service retailer ended the franchise agreement with CPRL over non-payment of royalties which resulted in a legal battle. Food service retailer McDonald's India has acquired Connaught Plaza Restaurants Pvt Ltd as the firm completed a settlement reached with former joint venture partner Vikram Bakshi. Thursday's development assumes significance as it ended …

McDonald’s settles with former India partner, to reopen restaurants in two weeks
5 years, 10 months ago

McDonald’s settles with former India partner, to reopen restaurants in two weeks

Hindustan Times  

McDonald’s Corp’s Indian arm has reached a settlement with former partner Vikram Bakshi, acquiring full ownership in their joint venture Connaught Plaza Restaurants Ltd, the company said in a statement. “Today’s ownership transfer marks an important and positive milestone for McDonald’s in North and East India,” McDonald’s said. The U.S. fast food chain was involved in a long-standing legal battle …

McDonald's acquires Connaught Plaza Restaurants
5 years, 10 months ago

McDonald's acquires Connaught Plaza Restaurants

The Quint  

New Delhi, May 9 Food service retailer McDonald's India has acquired Connaught Plaza Restaurants Pvt Ltd as the firm completed a settlement reached with former joint venture partner Vikram Bakshi. Thursday's development assumes significance as it ended a dispute with its joint venture partners with whom the firm had formed the CPRL, which managed the McDonald's outlets in North and …

NCLT to hear final arguments in McDonald’s case on 15 March
7 years, 1 month ago

NCLT to hear final arguments in McDonald’s case on 15 March

Live Mint  

New Delhi: The National Company Law Tribunal on Friday said it will start hearing the final arguments in the contempt plea against American fast food chain McDonald’s Corp. filed by its estranged partner Vikram Bakshi on 15 March. Mohapatra was hearing an appeal filed by Bakshi, who is the managing director of the McDonald’s north and east India licencee Connaught …

NCLT asks McDonald’s to file reply by 17 February
7 years, 1 month ago

NCLT asks McDonald’s to file reply by 17 February

Live Mint  

New Delhi: The National Company Law Tribunal on Wednesday issued a final warning to American fast food chain McDonald’s Corporation and asked the company to file a reply to its estranged partner Vikram Bakshi’s contempt plea by 17 February. In his plea, Bakshi had alleged that the termination of franchise agreement was in conflict with an earlier order of NCLT …

McDonald’s India appeals against Delhi HC order allowing NCLT for contempt proceedings
7 years, 2 months ago

McDonald’s India appeals against Delhi HC order allowing NCLT for contempt proceedings

Live Mint  

New Delhi: McDonald’s India Pvt. Ltd on Monday moved the Delhi high court against an order by a single-judge bench allowing the National Company Law Tribunal to proceed with contempt proceedings against the burger chain’s parent McDonald’s Corp. on a petition filed by its estranged joint venture partner for north and east India. This comes a few days before McDonald’s …

McDonald’s inspects CPRL-run outlets in Delhi
7 years, 2 months ago

McDonald’s inspects CPRL-run outlets in Delhi

Live Mint  

New Delhi: McDonald’s India Pvt. Ltd on Thursday conducted quality checks on the packaging and cartons in which fast food is being served at the McDonald’s outlets run by its north and east India franchisee Connaught Plaza Restaurants Pvt. The checks came immediately after the Delhi high court refused to grant an ex parte injunction restraining CPRL from using McDonald’s …

16 McDonald’s Delhi Outlets Open Doors Once Again
7 years, 2 months ago

16 McDonald’s Delhi Outlets Open Doors Once Again

The Quint  

McDonald's India has, however, alleged lapses in food quality and safety level by "all facets of the supply chain" saying the new distribution centre is not approved by it and post termination of franchise pact with CPRL, it has not been able to verify if the outlets are complying with applicable McDonald's food safety, supply and operations standards. Bakshi had …

McDonald's dispute: Administrator Justice G S Singhvi writes to Radhakrishna Foodland to resume supply
7 years, 3 months ago

McDonald's dispute: Administrator Justice G S Singhvi writes to Radhakrishna Foodland to resume supply

Firstpost  

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 New Delhi: Justice G S Singhvi, the administrator on the CPRL board, has written to its logistics partner Radhakrishna …

All McDonald's east India outlets shut due to supply crunch, says partner Bakshi
7 years, 3 months ago

All McDonald's east India outlets shut due to supply crunch, says partner Bakshi

India TV News  

McDonald's estranged joint venture partner Vikram Bakshi on Monday said nearly all outlets of the fast-food chain in east India has been shut and several others in the north are on the verge of close down due to discontinuation of supplies by its logistics partner. "Almost all the outlets in east India have been shut because of the move by …

McDonald's India likely to rope in new licensee partner for north, east after Vikram Bakshi row
7 years, 3 months ago

McDonald's India likely to rope in new licensee partner for north, east after Vikram Bakshi row

Firstpost  

In 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 in north and east India, alleging breach of contract terms and payment default by the operator. After months of intense battle with its Indian joint venture partner Vikram Bakshi, fast food giant Mcdonald’s India may …

Delhi: 18 McDonald’s outlets reopen in capital amid partners' ongoing dispute
7 years, 6 months ago

Delhi: 18 McDonald’s outlets reopen in capital amid partners' ongoing dispute

India TV News  

As joint partners Vikram Bakshi and McDonald’s India Pvt Ltd remain embroiled in a dispute, a total of 18 outlets of the fast-food major reopened in New Delhi on Tuesday following a resolution passed to this effect at a meeting on Sunday. At a board meeting of Connaught Plaza Restaurants Private Limited, the 50:50 joint venture company, a resolution was …

McDonald's row: Appellate tribunal to hear Vikram Bakshi's plea on franchise pact tomorrow
7 years, 6 months ago

McDonald's row: Appellate tribunal to hear Vikram Bakshi's plea on franchise pact tomorrow

Firstpost  

On Tuesday, the NCLT had dismissed Vikram Bakshi’s petition against cancellation of franchise licence agreement to CPRL, following which he moved an appeal before NCLAT. New Delhi: The National Company Law Appellate Tribunal on Wednesday denied any interim relief to Vikram Bakshi on his plea seeking a stay on termination of franchise agreement by McDonald’s for 169 stores operated by …

McDonald's challenges Vikram Bakshi's reinstatement in company law appellate tribunal
7 years, 7 months ago

McDonald's challenges Vikram Bakshi's reinstatement in company law appellate tribunal

Firstpost  

McDonald’s India on Wednesday said it has challenged before the NCLAT the order of National Company Law Tribunal reinstating estranged partner Vikram Bakshi as Managing Director of its joint venture, CPRL New Delhi: McDonald’s India on Wednesday said it has challenged before the NCLAT the order of National Company Law Tribunal reinstating estranged partner Vikram Bakshi as Managing Director of …

McDonald's to shut 169 outlets amid dispute with Vikram Bakshi co; 10,000 jobs may be lost
7 years, 7 months ago

McDonald's to shut 169 outlets amid dispute with Vikram Bakshi co; 10,000 jobs may be lost

Firstpost  

The move will further dent McDonald’s share of India’s booming quick service restaurants market, where it has already been losing ground to rivals like Domino’s Pizza Fast food chain McDonald’s said on Monday it planned to shut all 169 of its restaurants in India’s northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of …

McDonald's terminates franchise agreement for 169 outlets in India
7 years, 7 months ago

McDonald's terminates franchise agreement for 169 outlets in India

India TV News  

McDonald's India has terminated the franchise agreement for 169 fast-food outlets in north and east India run by Connaught Plaza Restaurant Ltd and said the outlets cannot use its brand for any operations. "Today, we have issued the CPRL board a notice of termination of the franchise agreement between McDonald's India Pvt Ltd and CPRL for 169 McDonald's restaurants operated …

McDonald's terminates pact with Vikram Bakshi co, 169 outlets to be shut, jobs at risk
7 years, 7 months ago

McDonald's terminates pact with Vikram Bakshi co, 169 outlets to be shut, jobs at risk

Firstpost  

McDonald’s India has terminated the franchise agreement for 169 fast-food outlets in north and east India run by Connaught Plaza Restaurant Ltd and said the outlets cannot use its brand for any operations New Delhi: McDonald’s India has terminated the franchise agreement for 169 fast-food outlets in north and east India run by Connaught Plaza Restaurant Ltd and said the …

McDonald's India ends its franchise agreement with Vikram Bakshi's CPRL
7 years, 7 months ago

McDonald's India ends its franchise agreement with Vikram Bakshi's CPRL

India Today  

McDonalds India on Monday announced it had terminated its franchise agreement with Vikram Bakshi's Connaught Plaza Restaurants. "Today we have issued the CPRL board a notice of termination of the franchise agreements for 169 McDonald's restaurants operated by CPRL in North and East India. This includes all restaurants impacted by the recent failure to renew the Eating House Licenses," McDonald's …

McDonald's exploring legal option post-NCLT verdict on Vikram Bakshi
7 years, 8 months ago

McDonald's exploring legal option post-NCLT verdict on Vikram Bakshi

Firstpost  

Besides, restoring Bakshi as the MD of CRPL, the NCLT has also restrained the McDonald’s Corporation, the parent co. of McDonald’s India, from interfering in the functioning of the joint venture New Delhi: Fast food major McDonald’s today said it is exploring legal options after the NCLT restored its estranged partner Vikram Bakshi as the Managing Director of Connaught Plaza …

McDonald's shuts down 43 out of 55 outlets across Delhi-NCR
7 years, 9 months ago

McDonald's shuts down 43 out of 55 outlets across Delhi-NCR

ABP News  

New Delhi, June 29 : In an unprecedented move, McDonald's on Thursday shutdown its 43 outlets out of 55 in New Delhi because of its ongoing tiff with the CPRL. Vikram Bakshi, former managing director of CPRL, however said that the company has temporarily shut 40 of its outlets all across the national capital. "It's correct that around 40 McDonalds …

80 pc McDonald’s outlets in Delhi to shut shop, 1700 jobs hit
7 years, 9 months ago

80 pc McDonald’s outlets in Delhi to shut shop, 1700 jobs hit

India TV News  

Around 1700 people will lose their jobs in Delhi after the battle between global fast-food chain McDonald’s and its India partner in North and East Vikram Bakshi gets murkier. Connaught Plaza Restaurants, the joint venture of Bakshi and US-headquartered McDonald's, has decided to shut 43 out of 55 or say 78 per cent of the restaurants from today. "It's unfortunate, …

Vikram Bakshi claims exit from McDonald’s India was unexpected
11 years, 6 months ago

Vikram Bakshi claims exit from McDonald’s India was unexpected

Live Mint  

New Delhi: Vikram Bakshi, who was removed as the managing director of the joint venture that runs McDonald’s outlets in north and east India, has claimed he wasn’t given any notice before he was ousted in August. Larson’s email dated 29 July had sought a meeting with Bakshi to discuss the joint venture’s growth plans, investment requirements and provide a …

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