Two bidders have emerged in the bankruptcy auction of Real Mex Restaurants and a decision by the court is expected this week. One is a group of noteholders including investment funds managed by Tennenbaum Capital Partners LLC, along with J.P. Morgan Investment Management Inc., and private equity firm Z Capital LLC. The second bidder is Harshad Dharod, president and owner of Friendly Franchisees Corp., a franchise operation that, through affiliates, owns and operates 63 Carl’s Jr., 12 ...

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