The NCLAT has also asked to cooperate with Bakshi and try to reach a final settlement

A two-member bench said this would be the \"last chance\" to Bakshi to settle the dispute with HUDCO.

Exit polls, election outcome to set tone for marketsEquity markets will track election trends this week as the exit polls showed that the ruling NDA is likely to come back to power. The results of the seven-phase polls will come out Thursday and experts opined that markets have partly discounted exit poll outcome in the last few days. Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to com...

McDonald's on May 9 announced an out-of-court settlement with with Vikram Bakshi and bought out Bakshi's stake in CPRL

However, it is not clear whether Bakshi and representatives of McDonald's India have appeared before the DRT yet

The state-owned NBFC approached the NCLAT on Monday seeking to recover a Rs 60 crore loan, plus interest, from Vikram Bakshi for Ascot Hotels, which turned NPA a few years back

McDonald's vs Vikram Bakshi finally over! American fast food giant buys out estranged partner's stakeMcDonald's announced it has reached an out-of-court settlement with its estranged partner in India, Vikram Bakshi. The US-based fast food major has bought out the stake of Bakshi in Connaught Plaza Restaurants Pvt Ltd (CPRL) that operated chain of McDonald's restaurants in north and east India. The company, however, did not disclose financial details of the settlement. With the completion of t...

After the out-of-court settlement with Vikram Bakshi, Connaught Plaza Restaurants Pvt Ltd will be wholly owned by McDonald's India and its affiliate McDonald's Global Markets LLC

On Monday, the counsels for McDonald's India Pvt Ltd and Vikram Bakshi told the National Company Law Appellate Tribunal that they are working towards an out-of-court settlement. Bakshi's Connaught Plaza Restaurants (CPRL) handles the fast-food chain's 165 outlets in the northern and eastern regions

McDonald's and Bakshi had in 1995 signed a partnership agreement to open outlets of the US fast food chain in India. It was for a period of 25 years

McDonald's has posted a net profit of Rs 65.2 lakh in FY17-18 in India. In 2016-17, the company's its loss surged to Rs 305 crore due to its ongoing legal battle with its subsidiary CPRL.

The restaurant business has been under a lot of pressure of late, but now the buzz is that the sector is seeing a revival, across formats to boot.