Latest Breaking News On - Homes pvt ltd - Page 9 : comparemela.com

Indian tribunal starts insolvency process against Oyo unit, company appeals

Indian tribunal starts insolvency process against Oyo unit, company appeals
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

United statesGautam bhatikarChandini monnappaAditya kalraMark potterAbhirup royRitesh agarwalNational company law tribunalHomes pvt ltdOyo hotelsPhoenix legalஒன்றுபட்டது மாநிலங்களில்கௌதம் பட்டிகர்குறி பாடர்ரித்தேஷ் அகர்வால்தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம்

NCLAT orders stay in insolvency proceedings against Oyo s subsidiary

NCLAT orders stay in insolvency proceedings against Oyo s subsidiary
timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.

New delhiKeyur jagdishbhai shahRakesh yadavRitesh agarwalNational company law tribunalHomes pvt ltdHomes private limitedKeyurj shah associatesNational company law appellate tribunalRepresentational imageOravel staysBankruptcy codeபுதியது டெல்ஹிகீயர் ஜக்திஷிபை ஷாராகேஷ் யாதவ்ரித்தேஷ் அகர்வால்

Indian tribunal starts insolvency process against Oyo unit, company appeals

By Reuters Staff 2 Min Read FILE PHOTO: The logo of OYO, India s largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi, India, April 3, 2019. REUTERS/Adnan Abidi/File Photo BENGALURU (Reuters) - India’s company law tribunal has initiated insolvency proceedings against a subsidiary of Softbank-backed hospitality startup Oyo, a public notice showed on Tuesday, a decision the company said it had challenged. Oyo is one of SoftBank’s biggest bets and the Japanese group has poured more than $1 billion into the company, in which it owns a 46% stake. The National Company Law Tribunal (NCLT) notice said it was appointing a resolution professional for Oyo’s subsidiary, Oyo Hotels and Homes Pvt Ltd, and inviting all creditors to submit any claims it may have against the company.

United statesGautam bhatikarChandini monnappaAditya kalraMark potterAbhirup royRitesh agarwalThomson reuters trust principlesNational company law tribunalHomes pvt ltdOyo hotelsPhoenix legalThomson reuters trustஒன்றுபட்டது மாநிலங்களில்கௌதம் பட்டிகர்குறி பாடர்

OYO challenges NCLT order on insolvency proceedings against its subsidiary

OYO challenges NCLT order on insolvency proceedings against its subsidiary April 07, 2021 × Hospitality unicorn OYO has challenged the National Company Law Tribunal (NCLT) order for commencement of insolvency proceedings against its subsidiary OYO Hotels and Homes Pvt Ltd (OHHPL) over a dispute of ₹16 lakh. The NCLT had admitted the insolvency plea on March 30, filed by creditor Rakesh Yadav contending that OHHPL defaulted for an amount of ₹16 lakh. It had directed the creditors of Ahmedabad-registered OHHPL to submit their claims with proof on or before April 15 to the interim resolution professional. “We are surprised to hear that the NCLT has admitted a petition against OHHPL a subsidiary of OYO for ₹16 lakh in a contractual dispute, which dispute is not even with this subsidiary. We have filed an appeal. The matter is sub-judice and we would refrain from commenting further on the merits of the matter at this stage. We have strong faith and belief in our judicial sy

Rakesh yadavRitesh agarwalNational company law tribunalHomes pvt ltdNational company law appellate tribunalராகேஷ் யாதவ்ரித்தேஷ் அகர்வால்தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம்வீடுகள் பிரைவேட் லிமிடெட்தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம்

[YourStory Exclusive] NCLT admits petition for insolvency proceedings against OYO subsidiary; OYO challenges o

The National Company Law Tribunal (NCLT) has admitted a petition for the commencement of corporate insolvency proceedings against OYO Hotels and Homes Pvt Ltd (OHHPL), a subsidiary of Oyo Group, on March 30, 2021 over the plea filed by its creditor Rakesh Yadav, YourStory has learnt. YourStory, OYO Group said it has filed an appeal with the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT order against its subsidiary, OHHPL, for an amount of Rs 16 lakh. The company also said the Rs. 16 lakh disputed amount has already been paid to the claimant under protest by the entity with whom the dispute was raised (other than OHHPL).

Keyur jagdhishbai shahRakesh yadavRitesh agarwalNational company law tribunalCommittee of creditors coHomes pvt ltdKeyurj shah associatesHotels homesNational company law appellate tribunalBankruptcy codeJagdhishbai shahKeyurj shahராகேஷ் யாதவ்ரித்தேஷ் அகர்வால்தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம்குழு ஆஃப் கடன் வழங்குநர்கள் இணை