• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

McDonalds, CPRL asked to settle dispute among themselves

By Vikas
|

After Connaught Plaza Restaurants Pvt. Ltd (CPRL) said that it would challenge McDonald's decision to terminate the franchise agreement, the National Company Law Appellate Tribunal (NCLAT) has asked both parties to consider settling their dispute among themselves.

McDonalds outlet

The tribunal asked McDonald's to give an undertaking that the 169 outlets will be allowed to function till the negotiations are on and set the next date of hearing till August 30.

Earlier this week, the Connaught Plaza Restaurants Pvt. Ltd (CPRL), which runs 169 McDonalds' outlets in North and East India, had said that the fast-food giants' decision to terminate the franchise agreement is an 'oppressive act' and undermines an order by NCLT.

The international fast-food giant said on Monday that it was terminating its agreement with Connaught Plaza Restaurant (CPRL) due to alleged breach of franchise agreements.

Connaught Plaza Restaurant operates McDonalds' restaurants in North and East India while the outlets in South and the West are run by Hardcastle Restaurants.

[McDonald's sabotaging NCLT order: Connaught Plaza Restaurants]

Connaught Plaza Restaurants is a joint venture between Vikram Bakshi and McDonald's India. McDonald's India had ousted Bakshi as CPRL's MD, in 2013, over alleged misuse of funds. Bakshi then approached the National Company Law Tribunal and got himself reinstated.

According to reports, the McDonalds has been ever since looking to sever ties with CPRL.

OneIndia News

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more