PANDYA RESTAURANTS LLC, ET AL.

Case Highlights

• Receiver stabilized operations of distressed business
• Marketing the assets for sale to be sold pursuant to an auction

Case Narrative

DSI was appointed the Receiver of Pandya Restaurants LLC, et al. Pandya Restaurants and its related entities operated franchised restaurants under the Pizza Hut and Checkers brands. The Receiver was appointed to take possession and control of the receivership assets, take actions to prevent waste, to preserve, manage, secure and safeguard the assets, and to implement the terms of the receivership order.

The receivership assets included 43 operating Pizza Hut franchised restaurants and 6 Checkers franchised locations located in the greater Philadelphia, Pennsylvania region. In addition to the operating restaurants, the assets include the furniture, fixtures and equipment at 12 previously-closed Pizza Hut franchised locations in the greater Philadelphia, Pennsylvania region, and 21 previously-closed Checkers franchised locations in the greater Birmingham, Alabama (12 locations), Indianapolis, Indiana (7 locations) and Philadelphia, Pennsylvania (2 locations).