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OYO LITIGATION
SC dismisses Zostel's appeal against OyoA bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court ...- Delhi HC stays Rs 1,140 crore tax demand against OyoThe demand was raised under Section 56(2)(viib) of the Income Tax Act on account of the addition to the income after the assessee had issue...
- Court comes down heavily on Bailiff who sealed Oyo's office, says action is illegalOyo's Ahmedabad office was sealed due to a warrant favoring a hotelier over unpaid dues but was reopened following a court ruling that deem...
- Oyo asks tourism ministry to cancel membership of FHRAI’s executive committeeIt urged the tourism ministry to take necessary action against FHRAI's "illegally run" executive committee and its members alleging that th...
- Expect first full year of Ebitda profitability, Oyo tells employeesThe hospitality chain had reported an adjusted Ebitda of Rs 63 crore in the first half of FY23 (H1FY23) according to previous filings with ...
- Oyo to refile updated DRHP with Sebi by mid-FebThe company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore...
- Oyo writes to NCLT to expedite MCA inquiry on FHRAI executive committeeIn August last year, NCLT’s principal bench, New Delhi had passed an order wherein it directed MCA to look into the affairs of FHRAI and ex...
- Sebi returns OYO's draft IPO papers; asks to refile with updatesThe company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
- Quarter’s delay likely in Oyo IPO as Sebi seeks updated filingRegulator wants risk factors, KPIs, outstanding litigation, basis for valuation refreshed in DRHP, which may take up to 3 months
- Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated informationOyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis...
- Paytm, Zomato's fate forcing Oyo Hotels and Delhivery to delay IPOsInvestors have soured on new tech offerings after the calamitous public debut of fintech firm Paytm, as well as the battering received by n...
- Oyo refutes allegations by ZostelThe DRHP is replete with material omissions and blatant misstatements, intended to mislead the public to invest in Oravel's shares without ...
- Zostel plans to take Oyo IPO complaint to SebiZostel is planning to move the Securities and Exchange Board of India (Sebi), asking it to put the proposed $1.2 billion IPO on hold, said ...
- Oyo's aggrieved hotel owners planning to approach Sebi after co files DRHP papersFederation of Hotel & Restaurant Associations of India, which had filed a complaint against the company in the CCI, said the investigation ...
- Oyo IPO details: The DRHP, decodedOyo Hotels & Homes, officially called Oravel Stays Ltd, plans to raise Rs 8,430 crore in an initial public offering (IPO), draft papers of ...
- Oyo witnessing green shoots in India: Ritesh Agarwal, founder, Oyo Hotels & HomesIn China occupancies continue to grow steadily and are in the mid-forties. Given the fluid Covid situation, any talk of bounceback needs ad...
- Everyone's favourite startup Oyo is hit hard by hyper growth, a supposed toxic work culture. Can it hit refresh?When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last t...
- Budget hotels teaming up to take legal route against OyoIndividually, hoteliers can't compete with the might of funds-flush unicorn, said the hotels.
- SC sends OYO-Zo Rooms dispute for arbitrationThe companies have been locked in litigation, filing cases in various courts against each other, ever since OYO in October last year decide...
- Banter on Twitter an effective way to settle issues with rivals, gain new clients: ExpertsCompanies are increasingly using stinging tweets to point out and settle issues with competitors, a move that is helping them avoid costly ...
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