Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 27 2017

Justice Singhvi Writes To CPRL Logistics Partner To resume Supply

There are over 80 outlets that have been hit by this cut-off in supplies by Radhakrishna Foodland

Justice G S Singhvi, the administrator on the CPRL board, has written to its logistics partner Radhakrishna Foodland to resume supplies to the restaurant chain immediately so that the outlets shut in East and North India can restart operations.

McDonald's estranged JV partner Vikram Bakshi said nearly all outlets of the food chain in East India have been shut and several others in the north are on the brink of closure due to discontinuation of supplies by its logistics partner.

All in all, there are over 80 outlets that have been hit by this cut-off in supplies by Radhakrishna Foodland, a move which is seen as a fallout of the ongoing spat between the fast food major and CPRL-led Bakshi.

While the legal tussle between the entities is going on at various forums, including the Delhi High Court, the NCLT in July had appointed Singhvi as the administrator to ensure smooth functioning of the restaurants run by CPRL.

Vikram bakshi said “Justice G S Singhvi has written two letters to Radhakrishna Foodland asking them to resume supplies, saying it is in the best interest of CPRL and all business associates that such advice is heeded and complied with immediately.”

Meanwhile, a McDonald's India spokesperson said "This is between CPRL and their vendors, not MIPL. Allegation of us being involved in the decision comes from someone with whom we have had ongoing legal disputes."

Radhakrishna Foodland Pvt Ltd had written to CPRL, saying it is discontinuing the supply chain services due to reduction in volume and uncertainty of future, among others, as also non-payment of an additional amount of Rs 2 crore.

Bakshi, however, said Rs 2 crore were not part of the regular monthly payments and the logistics partner has held back his stock paid for approximately Rs 10 crore.

Comment
Related opportunities
  • Furniture/Home Decor & Furnishing
    About Us: Commune, Founded in 1972 Furniture brand with cutting-edge design and craftsman..
    Locations looking for expansion New Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad New Delhi
  • Souvenir Shops
    About Us: Established in Hong Kong, Coko is the brainchild of..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About: We are a new-age startup with a vision to make..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Others Dealers And Distributors
    Why open one Food or Beverage Outlet? When you can..
    Locations looking for expansion New Delhi
    Establishment year 1957
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities