Besides, restoring Bakshi as the MD of CRPL, the National Company Law Tribunal (NCLT) has also restrained the Illinois- headquartered McDonald's Corporation, the parent company of McDonald's India Pvt Ltd (MIPL), from interfering in the functioning of the
The tribunal has said the meeting of Connaught Plaza Restaurants Ltd (CPRL) of August 6, 2013 in which Bakshi was removed as MD of the company was illegal, unjust and malafide.
Amit Jatia, Vice Chairman, Hardcastle Restaurants, said that the closure of stores is a local issue in Delhi and the impact is just a blip in short term.
The company has brought uniform price by slashing price in southern states where pre-GST taxes were high and by hiking rates in states like Maharashtra.
Connaught Plaza Restaurants Pvt Ltd (CPRL), McDonald’s licensee in North and East India, has suspended operations of the restaurants that have lost the eating house licences