Bakshi has been at loggerheads with the fast food chain over the management of CPRL after he was ousted from the post of MD of the McDonald's franchisee in August 2013.
McDonald's India in August terminated the franchise agreement and had asked CPRL not to use its brand system, trademark, designs and its associated intellectual property, among others.
The statement further said that the CPRL
is considering the appropriate legal remedies that are available under law.
backdrop of a bitter legal battle between Vikram Bakshi and McDonald's over the control of CPRL for which arbitration proceedings are being pursued by the US food chain at the London Court of International Arbitration.
India continues to be an important market for McDonald's and we are committed to working with CPRL to resolve the issue as soon as possible.
The fight is a strain on Bakshi, but the real brunt has been borne by CPRL - its expansion has almost ground to a halt, financials are under strain, and it is losing market share (it is no longer the fast food industry leader; Dominos has raced far ahead while KFC is closing the gap fast).
The battle lines were drawn at a meeting of the CPRL board in August 2013.
It is important to emphasize that neither the NGSP CPRL
method nor the IFCC method is suitable for routine measurement of Hb A1c in patient samples.
is a 50:50 joint venture between McDonald's India Pvt Ltd (MIPL) and Bakshi.
All laboratories met the requirements of the program during the time of the method-comparison studies (mean difference between CPRL
and SRL [HbA.
As per the termination notice, CPRL
was ceased to use McDonalds's name, system, trademark, designs and its associated intellectual property, among others.
PRLs serve as back-up laboratories for the CPRL
to ensure that the CPRL
function would continue without interruption in the event that the CPRL
could not meet the program needs.