The next hearing will happen on September 12 at the Chennai bench of NCLT.
There seems to be no end to legal battles for Homestays startup Stayzilla. Five months after co-founder Yogendra Vasupal was granted bail by Madras High Court, the company is now contesting a petition filed by vendor Jig Saw at the Chennai bench of National Company Law Tribunal (NCLT) to dissolve the company.
To bring things into perspective, Stayzilla suspended operations on February 24, claiming that it will restructure itself and reboot operations. Following this, Aditya CS of Jig Saw claimed that the company did not pay him his dues to the tune of Rs 1.7 crore since January 2016 and filed a case again…
Read the full article at: http://www.thenewsminute.com/article/stayzillas-legal-woes-continue-it-now-fights-corporate-insolvency-petition-68041
