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OYO breathes easy as NCLAT orders a stay on insolvency proceedings against its subsidiary company Sanchita DashApr 8, 2021, 15:06 IST OYO blog A Gurugram-based creditor had initiated insolvency proceedings and The National Company Law Tribunal had admitted the petition against OYO’s subsidiary Oyo Hotels and Homes Pvt Ltd on April 7. The National Company Law Appellate Tribunal (NCLAT) today stayed the proceedings against OYO’s subsidiary. As initially it was misreported by a few media platforms as OYO filing for bankruptcy, Agarwal had taken to Twitter to squash the rumours.As OYO battled with reports of bankruptcy, which it said was inaccurate, and received an outpouring of support from India’s startup ecosystem, the Ritesh Agarwal-led company heaved a sigh of relief today.

Ritesh agarwalHomes pvt ltd onNational company law tribunalOyo hotelsNational company law appellate tribunalHomes pvt ltdRitesh agarwal ledரித்தேஷ் அகர்வால்தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம்ஓயோ ஹோட்டல்தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம்வீடுகள் பிரைவேட் லிமிடெட்ரித்தேஷ் அகர்வால் வழிநடத்தியது