Vikram Bakshi, McDonald's estranged partner said all 84 outlets in the east and north India that were forced to shut down due to discontinued support from their logistics partners will now be reopened by the weekend, reported PTI.
Bakshi-led CPRL had to shut down its outlets in the east and north India after its logistics partner Radhakrishna Foodland discontinued its supply alleging reduction in volume and non-payment of dues. However, Bakshi has now tied up with ColdEX to resume business in affected outlets.
He denied charges and said there had been no dues in payments. 64 outlets have already been opened and all 84 are expected to be operating by the weekend.
Connaught Plaza Restaurants (CPRL), a 50:50 joint venture between Bakshi and McDonald's India, runs 169 outlets in north and east India. The outlets are still running after the foodchain terminated its agreement last year over management issues with Bakshi led CRPL claiming that the termination is illegal.
McDonald's raised concerns over the food safety and has not approved the new distribution center. Meanwhile, Bakshi earlier hit back saying the US-based food chain follows "different standards" for India compared to other countries and continuously ignored the food quality concerns raised by him for the past four years.
Both the parties have been fighting the battle at the Delhi High Court, the NCLT (National Company Law Tribunal) and also the London Court of Arbitration.
167 out of the 169 outlets will be fully operational by the end of the week and two in Delhi are under maintenance.