The fate of 169 outlets run by CPRL in north and east India became uncertain after the expiry of notice of termination of licence earlier this month.
An international arbitration panel has directed appointment of experts to determine a fair value of the joint venture between McDonald's India and Vikram Bakshi.
The London Court of International Arbitration has asked Vikram Bakshi to sell his stake in the JV firm CPRL to the US-based fast food chain, said sources.
McDonald's India has asked suppliers to stop dealing with CPRL, its 50:50 joint venture with estranged partner Vikram Bakshi, in a bid to enforce its cancellation of franchise licence.
The National Company Law Tribunal issued a show-cause notice to Mcdonald's Corporation over contempt petition by its estranged partner.