In 2019, Bakshi and McDonald's reached a settlement where McDonald's would buy Bakshi share in CPRL for an undisclosed amount and become the sole owner. In 2017, the National Company Law Tribunal (the successor of the CLB) reinstated Bakshi as managing director of Connaught Plaza Restaurants. The court is under the ambit of CLB with hearing beginning in early October 2013. McDonald's had sold their 50% share of the Hardcastle Restaurants joint venture to Jatia at a reported loss of 99% in 2011, making it a master franchisee. Bakshi accused Amit Jatia, who manages the chain in West and South India under Hardcastle Restaurants, of instigating McDonald's. McDonald's sought to buy the 50% share in CPRL held by Bakshi and his wife for ₹120 crore (US$20.48 million), whereas Bakshi sought ₹1,800 crore (US$307.18 million) for the same. Bakshi said he brought over ₹490 crore (US$83.62 million) worth of revenue for the American food chain. After being ousted abruptly, Bakshi sought to fight for his stake and rights before the Company Law Board (CLB). Bakshi had been the face of the company in India for almost two decades.
CPRL was a joint venture between McDonald's and Vikram Bakshi, and was responsible for managing the over 150 McDonald's outlets in North and East regions of India. On 30 August 2013, McDonald's published a public notice in select newspapers, declaring that McDonald's India partner Vikram Bakshi had ceased to be the managing director of Connaught Plaza Restaurants (CPRL) pursuant to the expiration of his term on July 17, 2013. McDonald's India – Vikram Bakshi partnership case īukele alleged that he never received the $23.9 million judgment and has filed a new demand in court for $21 million in interest on the award. McDonald's won in the lower courts, but appellate courts sided with Bukele and eventually in 2012 McDonald's was ordered to pay a $23.9 million judgment to Bukele. Bukele, who had a 1994 agreement that he believed extended the franchise to 2014, refused to close or rebrand his restaurants. McDonald's told Bukele the franchise he had operated for 24 years had expired and wouldn't be renewed. In 1996, McDonald's revoked businessman Roberto Bukele's franchise for his restaurants in El Salvador. 5.5 Halal food lawsuit (Dearborn, Michigan).5.4 "McMatch and Win Monopoly" promotion (Australia).5.1 Happy Meals and Toys (Quebec, Canada).4.1 Coalition of Immokalee workers (US).3.13.2 McSleep (Quality Inns International).3.3 Norman McDonald's Country Drive-Inn (US).
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