Bank Midwest Sues The Integritty Group Over $20 Million Loan Default

The Integritty Group, known as TIG, is led by principals Raj Mahadevia, Pranav Desai, and Jiger Patel. In addition to Qdoba, the group operates several other restaurant brands, including Dave’s Hot Chicken, The Greene Turtle Sports Bar and Grille, and Checkers. TIG holds multi-unit agreements with electronics reseller PayMore and casual dining brand Ford’s Garage.

According to the complaint, Bank Midwest entered into a loan agreement with TIG in April 2025. Following this, TIG reportedly encountered financial difficulties, failing to pay over $1 million in royalties and other fees to Qdoba, along with more than $1 million in past-due sales taxes. Allegedly, without notifying the bank, TIG arranged to terminate its franchise agreements with Qdoba, which the bank claims could diminish the value of its collateral.

The lawsuit states that The Integritty Group did not provide required financial statements, further concealing its liquidity issues. Qdoba, while not directly involved in the lawsuit, stated it has no comment on the matter and remains focused on its customers in the Philadelphia area.

Due to these defaults, Bank Midwest requested the appointment of a receiver to manage TIG's assets, which the court approved by placing Joseph Pegnia from GlassRatner Advisory & Capital Group in charge. This receivership is seen as an alternative to bankruptcy and is intended to ensure that the revenue from TIG's assets is properly managed.

Previously, Patel indicated to Franchise Times that the group's growth strategy involved a mix of acquiring underperforming stores and expanding through new builds. He emphasized the importance of maintaining a balance between different types of assets to avoid strain on financial performance.