The National Company Law Tribunal admitted a plea for corporate insolvency proceeding against Oyo group’s subsidiary Oyo Hotels and Homes Pvt Ltd in April following the hotelier’s complaint.
The National Company Law Appellate Tribunal (NCLAT) will pronounce the order in the Rakesh Yadav vs Anuj Tejpal of Oyo Hotels case on July 7. The court concluded its hearings in the case which involves claims for payments by hotels from Oyo Group on June 23.
Oyo was first served a notice by the Gurgaon-based hotelier Rakesh Yadav in 2019. The National Company Law Tribunal (NCLT) admitted a plea for corporate insolvency proceeding against Oyo group’s subsidiary Oyo Hotels and Homes Pvt Ltd (OHHPL) in April following the hotelier’s complain…
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