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business Apr, 03 2014

Vikram Bakshi moves to HC

Moved to Delhi HC against the arbitration filed in London by the food giant.

By Franchise India Bureau
Vikram Bakshi moves to HC

Vikram Bakshi, McDonald's estranged Indian partner moved to Delhi high court on 2nd April 2014 seeking an interim injunction on the arbitration filed by the brand in London.

Bakshi moved an application under Section 9 of the Conciliation and Arbitration Act, which deals with foreign arbitration and foreign tribunals. He argued that McDonald's has defied Indian jurisdiction by approaching the London Court of International Arbitration (LCIA) when the case is before the Company Law Board.

According to a media report, a person close to him said, "We have filed for an interim injunction against the arbitration in London. The matter is likely to be heard on 3rd April 2014 when the Company Law Board is also due to hear arguments on Bakshi's offer to buy McDonald's stake in Connaught Plaza Restaurant Private Limited.

However, the CLB in December held that "there is no prohibition" against McDonald's approaching LCIA while the matter is pending before it. "I, hereby, hold that this bench could not grant stay over the proceedings initiated before the arbitral authorities," the CLB said in its order of December 30. Vikram Bakshi and McDonald's are involved in a bitter legal dispute since August 2013 when Bakshi was not reappointed as the managing director of Connaught Plaza Restaurant. 

Related: Ola may close its food delivery unit Ola Cafe soon

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