43 restaurants in the famed fast-food chain McDonald’s 50 have temporarily shut down in Delhi due to ongoing discord in the Connaught Plaza Restaurants Private Limited Board. On Thursday, the CPRL board took a big step and decided to close the ongoing 55 to 43 McDonald’s restaurant in Delhi on Thursday. The joint venture of 50-50 percent partnership between Connaught Plaza restaurant (CPRL), Vikram Bakshi and American McDonald’s It operates fast food chains in north and west India.Former CPRL managing director Vikram Bakshi, who operates 168 restaurants, has said that it is unfortunate, but the operation of 43 restaurants is being temporarily stopped. Vikram Bakshi is in the CPRL board along with his wife. American longtime interlocutor between McDonald’s Illinois company and its 50:50 shareholder Joint Venture Connaught Plaza Restrights Pvt Ltd.The announcement to close outlets was taken during a board meeting on Skype on Wednesday morning. Regarding the reason for the temporary shut down of the restaurant, both the partners have refused to say anything, but according to sources, between the ongoing fight between Bakshi and McDonald’s, CPRL failed to renew the necessary health license. Is. In August 2013, Bakshi was removed from the post of Managing Director of CPRL. After this, a long legal battle started between Bakshi and McDonald’s, in which he dragged the world’s fastest fast food chain into company law board.In this case the Board’s decision has not yet come. McDonald’s is fighting a case against Bakshi in the London Court of International Arbitration. Westlife Development Limited, through its Subsidiary Hardcastle RestaurantsPrivate Limited (HRPL), has been the Master of Business Rights under the McDonald’s brand in West and South India. The company is currently running 242 restaurants.This decision will make 1700 employees unemployed. The decision to shut down the restaurant on behalf of the company will definitely damage McDonald’s. In 2013, the Pizza brand Domino had won a tough competition from the company and secured first position in the country’s Quick Service Restaurant (QSR).
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