Estranged partners McDonald's and Vikram Bakshi Thursday announced an out-of-court settlement, ending their almost six-year-long dispute. As part of the agreement, the US fast-food chain will buy out for an undisclosed sum Vikram Bakshi and his entities' 50 per cent stake in Connaught Plaza Restaurants Pvt Ltd (CPRL) that operates McDonald's chain of quick-service restaurants in northern and eastern India.

McDonald's strikes out-of-court settlement with Vikram Bakshi ending six-year-long dispute

McDonald's said 'the eating house licenses of a number of McDonald's restaurants in Delhi have expired'

43 out of 55 McDonald's outlets in Delhi to shut shop from today

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McDonald's strikes out-of-court settlement with Vikram Bakshi ending six-year-long dispute

43 out of 55 McDonald's outlets in Delhi to shut shop from today