new delhi us fast food chain mcdonalds has selected mmg group chairman sanjeev agrawal as its new partner to operate outlets in north and east india the company saidthe development comes almost nine months after mcdonalds bought estranged partner vikram bakshis 50 per cent stake in connaught plaza restaurants ltd cprl which has the licence to run its restaurants in north and east indiaa mcdonalds spokesperson said agarwal is the new partner of the company for the two marketsagrawal has a strong understanding and passion for the mcdonalds brand insights into the local market and a proven track record of driving quality and innovation in the food and beverage and hospitality industries mcdonalds asia director corporate relations barry sum saidagrawal 55 is the group chairman of mmg group which has interests in the bottling and marketing of soft drinks oil and gas hospitality among othersmmg group also controls moon beverages which is among the key bottlers for american beverage maker cocacola in north india from 1994 and is manufacturing and distribution of coca cola limca sprit maaza thums up fanta minute maid coke zero kinleysum added that agrawal is the right strategic partner for mcdonalds to grow its brand presence in north and east indiamcdonalds however has not share the terms and condition of the agreement and also about the nature of the partnershipcomments from agrawal regarding the development could not be obtained till the time of filing of the storythe company also refrained to comment on the ongoing matter between mcdonalds and its former jv partner vikram bakshi before the national company law appellate tribunal nclat where staterun hudco has opposed saletransfer of share by bakshi to the fast food chain after settlementmcdonalds remains a shareholder of cprl and continues to hold the shares that were acquired from vikram bakshi and his holding company in cprl said sum adding that robert hunghanfoo continues to head cprlin may last year mcdonalds had announced an outofcourt settlement agreeing to buy bakshis stake in their joint venturethe details of the pact including financial terms were not disclosedthey has approached the national company law appellate tribunal nclat to withdraw the suits filed against each other however it was opposed by the state run housing and urban development corporation hudcohudco which is claiming dues of rs 19498 crore from bakshi and his related entities in its intervention plea filed before the nclat informed that notices regarding orders of the debt recovery tribunal drt was already served to both the partnerbakshi had given guarantee to hudco against a loan of rs 6238 crore to ascot hotels and resorts for a commercial project in noida up in 2006 which defaulted on repayments and was declared as npa in august 2011 to recover it hudco then had moved the drt in 2013 and requested to attach 3100 shares having a value of rs 1000 each in cprl which were in the name of bakshihudco had contended that the said settlement is against the interim order passed