Some outlets of the US-based McDonald's in India run by CPRL or Connaught Plaza Restaurants Ltd, remain open, according to Vikram Bakshi, the fast food chain's estranged partner. Mr Bakshi has claimed that 126 outlets in north and east India continue to operate fully. "Apart from the 43 outlets that are shut for some time, the remaining are open and operating," Mr Bakshi told news agency Press Trust of India. CPRL is franchisee of US fast food chain McDonald's for north and east India.
The National Company Law Appellate Tribunal (NCLAT) had earlier this week refused any interim relief to Mr Bakshi, who had sought a stay on franchise termination by the US-based fast food chain major. CPRL's licence to operate the outlets lapsed on September 5.
Some outlets of the US-based McDonald's in India run by CPRL or Connaught Plaza Restaurants Ltd, remain open, according to Vikram Bakshi, the fast food chain's estranged partner. Mr Bakshi has claimed that 126 outlets in north and east India continue to operate fully. "Apart from the 43 outlets that are shut for some time, the remaining are open and operating," Mr Bakshi told news agency Press Trust of India. CPRL is franchisee of US fast food chain McDonald's for north and east India.
The National Company Law Appellate Tribunal (NCLAT) had earlier this week refused any interim relief to Mr Bakshi, who had sought a stay on franchise termination by the US-based fast food chain major. CPRL's licence to operate the outlets lapsed on September 5.
Some outlets of the US-based McDonald's in India run by CPRL or Connaught Plaza Restaurants Ltd, remain open, according to Vikram Bakshi, the fast food chain's estranged partner. Mr Bakshi has claimed that 126 outlets in north and east India continue to operate fully. "Apart from the 43 outlets that are shut for some time, the remaining are open and operating," Mr Bakshi told news agency Press Trust of India. CPRL is franchisee of US fast food chain McDonald's for north and east India.
The National Company Law Appellate Tribunal (NCLAT) had earlier this week refused any interim relief to Mr Bakshi, who had sought a stay on franchise termination by the US-based fast food chain major. CPRL's licence to operate the outlets lapsed on September 5.
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