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OYO vs Zo – Zostel claims victory while the Ritesh Agarwal-led firm says there’s still room to win
OYO vs Zo – Zostel claims victory while the Ritesh Agarwal-led firm says there’s still room to win
Sanchita DashMar 8, 2021, 10:30 IST
BI India
Zo Rooms have been in a legal tussle for over three years now.
The dispute was over the merger between OYO and Zo Hostels, where the latter said it was denied its 7% shareholding in Oravel Stays, the parent company of OYO.
The tribunal said that Zo Rooms’ parent
Zostel Hospitality was entitled to claim relief and costs in the case, but acknowledged that definitive agreements weren’t executed.After a three-year long battle, the legal verdict on OYO Hotels and Homes and Zo Hostels is out, but both companies continue to sing their own tunes. The dispute was over the merger between OYO and Zo Hostels, where the latter said it was denied its 7% shareholding in Oravel Stays Pvt. Ltd, the parent compan ....

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