CPRL Board may meet this week to decide if the outlets in the north and east of India can be kept open till the matter is settled in courts
43 McDonald's outlets in New Delhi-National Capital Region were forced to down shutters following lapse of their eating-out or health licences in June.
Vikram Bakshi says the 169 stores will remain open, McDonald's says it will take steps to enforce termination.
According to market experts, the buyers are expected to shell out in the "range of 500 to 600 crore INR" per team in the closed-bid auction for the women's IPL.
Bakshi had moved the application under Section 9 of the Conciliation and Arbitration Act, dealing with foreign arbitration and foreign tribunals.
As part of the agreement, McDonald's has acquired 50 per cent voting equity shares in Connaught Plaza Restaurants, held by Bakshi and his affiliated entity since inception.
As part of its plan to expand its operations in Chennai, IT major Infosys will acquire 129 acres of land at the Mahindra Industrial Park Limited at suburban Maraimalai Nagar, thus becoming the first 'anchor tenant' to the 1432-acre park.
The estranged Indian partner of McDonald's, Vikram Bakshi, on Thursday offered buying out the US food major's stake in their joint venture Connaught Plaza Restaurants.
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