Not OYO, but a supplier filed bankruptcy claim over disputed payment; company clarifies
Click here to read full article from source
New Delhi, April 8 -- In a shocking turn of events, the NCLT had ordered to commence the insolvency proceedings against OYO Hotels and Homes Pvt. Ltd (OHHPL), a unit of hotel aggregator Oyo Rooms, over a dispute regarding payments worth Rs 16 lakh. For the same, NCLT had ordered the creditors of OHHPL to submit their claims by April 15 to an IRP. Ahmedabad-based Keyur Jagdishbhai Shah who is part of corporate legal advisory firm Keyur J. Shah and Associates has been appointed as the interim resolution professional for the same.
On the matter, Founder and CEO Ritesh Agarwal said that the company had not filed for bankruptcy. He called the reports "absolutely untrue and inaccurate". In a statement to the public, he said, "We are surprised ...
To read the full article or to get the complete feed from this publication, please Contact Us