On September 18, passing an order, the NCLAT had restrained Bakshi from travelling abroad without its permission.
25 Oct 2019 5:12 PM
The appellate tribunal was hearing an intervention plea by HUDCO, claiming dues of Rs 195 crore from Bakshi.
19 Sep 2019 8:58 AM
The tribunal also directed Bakshi to file a report on the development by filing an affidavit in the matter before it.
28 May 2019 6:12 PM
Amid the turmoil, several outlets were briefly closed down and the move had affected as some suppliers snapped ties.
09 May 2019 9:01 PM
High court in November had put a stay on the NCLT notice after McDonald's challenged the order.
22 Jan 2018 1:37 PM
All in all there are 80 outlets of McDonald's in India that have been hit by this cut-off in supplies by Radhakrishna Foodland.
26 Dec 2017 7:51 AM
NCLAT adjourned the hearing on Vikram Bakshi's plea for a fair valuation of his stake at the joint venture CPRL.
25 Oct 2017 3:47 PM
There has been uncertainty over the fate of McDonald's outlets operated by CPRL after McDonald's terminated its license with CPRL.
21 Sep 2017 4:30 PM
CPRL is a 50:50 joint venture between McDonald's and Vikram Bakshi.
18 Sep 2017 4:18 PM
The international tribunal has also rejected Bakshi's claim that McDonald's India did not validly terminate the JV.
14 Sep 2017 9:36 AM
McDonald's India had given time till September 5 to CPRL to operate, post which it said the franchise was barred from using its brand.
10 Sep 2017 2:13 PM
McDonald's, which had last month terminated franchise pact, essentially meant the 169 outlets cannot use its trademark.
07 Sep 2017 9:04 PM
The fate of 169 McDonald's stores in north and east India hangs by a thread as CPRL's licence to run them lapsed on September 5.
07 Sep 2017 4:45 PM
On August 21, McDonald's India had terminated franchise agreement for 169 outlets run by Connaught Plaza Restaurants Ltd (CPRL).
06 Sep 2017 7:54 PM
On Tuesday, the NCLT had dismissed Bakshi's petition against cancellation of franchise licence agreement to CPRL.
06 Sep 2017 12:51 PM
Already 43 outlets of McDonald's in the Capital have been closed since June following expiry of eating house license.
05 Sep 2017 8:56 PM
In June 43 outlets of the fast food chain were closed in the capital following expiry of eating house licenses.
05 Sep 2017 5:38 PM
Vikram Bakshi, McDonald's estranged partner, had challenged termination of franchise agreement.
05 Sep 2017 5:12 PM
Bakshi also approached National Company Law Appellate Tribunal asking for a buy out his share.
05 Sep 2017 9:22 AM