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CONNAUGHT PLAZA
NCLAT allows settlement between McDonald's and former partner Vikram BakshiThe National Company Law Appellate Tribunal (NCLAT) on Tuesday allowed US food major McDonald's and its former estranged Indian partner Vik...- Vikram Bakshi is finally out, and McDonald's India is lovin' itIn 2008, the partnership turned sour for first time — after McDonald's tried to buy out Bakshi's 50% stake.
- Bakshi files fresh appeal against termination of franchise pactWith this, the fate of 169 stores in north and east India remains in limbo as Connaught Plaza Restaurant Ltd's (CPRL) licence to operate la...
- Investors display a large appetite for Westlife DevelopmentWestlife currently owns master franchise rights of McDonald's in West and South India.
- NCLT reinstates Vikram Bakshi as MD of Connaught Plaza RestaurantIn a big blow to the firm in its fight with its estranged JV partner, the National Company Law Tribunal reinstated Vikram Bakshi as MD of C...
- McDonald's - Vikram Bakshi dispute: Delhi HC stays CLB orderA bench of Justice Sanjeev Sachdeva passed the order after Bakshi's counsel informed the court that there was no consent for transferring t...
- McDonald’s seeks more time from CLB to make offer for Vikram Bakshi’s stakeThe two sides have been involved in a legal wrangle since August 2013 when Bakshi was not reappointed as managing director of Connaught Pla...
- Vikram Bakshi cuts demand for McDonald's JV stakeVikram Bakshi has lowered the price he's asking McDonald's to pay for the 50% he owns in their joint venture (JV) Connaught Plaza Restauran...
- Devoted enough time to fast food chain McDonald’s: Vikram BakshiThe fast food chain claimed that Bakshi allowed advertisements of his competing business to run on TV screens in the McDonald’s outlets.
- McDonald’s was aware of former MD’s other business interests, says Vikram Bakshi’s lawyerBakshi is locked in a legal battle with McDonald’s since August 2013 when he was not reappointed as managing director of Connaught Plaza Re...
- Dissolution of joint venture with McDonald's only solution, says Vikram BakshiConnaught Plaza Restaurant Private Limited, the 50:50 venture between the two, runs 165 McDonald's outlets in north and east India.
- Estranged India partner Vikram Bakshi moves court against McDonald’sMcDonald's has defied Indian jurisdiction by approaching the London Court of International Arbitration when the case is before the Company ...
- Refer dispute with Vikram Bakshi for arbitration: McDonald's to CLBThe CLB was hearing a petition filed by Vikram Bakshi challenging his removal as the Managing Director of the joint venture, Connaught Plaz...
- McDonald's for arbitration of its dispute with Vikram BakshiMcDonald's today argued that the dispute with Vikram Bakshi should be referred to arbitration as per the clauses of their agreement.
- McDonald’s-Vikram Bakshi dispute: Legal clauses in JV agreement to play pivotal role in settlementIn the ongoing spat between McDonald’s India and Vikram Bakshi, the JV agreement drawn up by the two sides will come to play a pivotal role.
- Only shareholders can remove me as MD of CPRL: Vikram BakshiBakshi today submitted before CLB that he cannot be removed as MD of Connaught Plaza Restaurants, his joint venture with US fast food chain...
- Valuation of CPRL in 2008 at $331.3 millionGrant Thornton pegged enterprise value of Connaught Plaza Restaurants at $331.3 million five years ago.
- Vikram Bakshi alleges McDonald's of piling pressure; moves Company Law BoardBakshi has denied McDonald’s charge that the latest review disclosed 13 high-risk control issues with significant operational and regulator...
- McDonald's India to double outlet network in 3 yearsFast food chain McDonald's India today said it plans to double the number of outlets it has in the country to 500 over the next three years.
- McDonald's plans to add 60 restaurants annuallyWith an aim to clock 30-35 per growth per annum, the US fast food chain McDonald's plans to open around 60 more restaurants across the coun...
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