Bristol Pizza Hut restaurants to close amid insolvency

Pizza Hut restaurants at Bristol and Cribbs Causeway will shut. The company will also shut 11 delivery sites as part of a restructuring, which will put 1,210 workers at risk of redundancy. DC London Pie, the firm running Pizza Hut’s UK dine-in restaurants under a franchise deal, appointed administrators from corporate finance firm FTI on Monday, October 20.…

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NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]

The National Company Law Tribunal (NCLT), New Delhi, admitted the Corporate Insolvency Resolution Process (CIRP) application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, as no illegibilities were restricting the CIRP under Section 11. M/s Universal Journeys India Private Limited (“Corporate Applicant”) applied under Section 10 of the Insolvency and Bankruptcy Code,…