Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 10, 2017

126 McDonald's Outlets Still Open, Says Vikram Bakshi. 10 Things To Know

126 McDonald's Outlets Still Open, Says Vikram Bakshi. 10 Things To Know
CPRL's licence to operate McDonald's 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.
 

Here are ten things to know:

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search