NCLT Admits Insolvency Plea Against BluSmart Mobility

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Lepton Software Export and Research’s petition seeking insolvency proceedings against the debt-ridden company BluSmart Mobility Tech, which operated an all-electric ride-hailing fleet and also provided electric vehicle charging infrastructure. The tribunal has appointed Pawan Kumar Goyal as the interim resolution professional (IRP) and…

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.…