CHENNAI: Homestay aggregator, Stayzilla is now fighting to stay alive, putting forth its strongest arguments on why it should not be liquidated.
The next round of debate will happen on Thursday at the Chennai Bench of NCLT, where its vendor Jigsaw Solutions has initiated insolvency proceedings against Stayzilla.
The advertising agency has filed a petition requesting for initiation of corporate insolvency as an operational creditor under section 9 of the Insolvency & Bankruptcy Code 2016 against Inasra Technologies (the company which owns Stayzilla), which will open for arguments on Thursday.
Started in 2006 by Yogendra Vasupal, Sachit Sanghi and Rupal Yogendra, Stayzilla backed by marquee investors Matrix Partners, Nexus V…
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