India, July 30 -- The Supreme Court (SC) has refused to entertain an appeal filed by hostel chain Zostel against a Delhi High Court (HC) judgment that set aside a 2021 arbitral award against OYO's parent Oravel Stays.
As per Bar and Bench, the SC observed that Zostel should have filed an appeal under Section 37 of the Arbitration and Conciliation Act (ACA) instead of directly approaching it by way of a special leave petition (SLP). As a result, Zostel reportedly withdrew the said petition.
Simply put, an appeal under Section 37 would send the petition to a division bench of the same High Court. On the other hand, an SLP is filed before the SC when there are no other legal avenues.
As of now, it is not clear if Zostel would take up the ...
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