The Association has specifically pointed out that certain recent activities conducted by Oyo to earn goodwill have actually come at the expense of partner hotels.
National Company Law Appellate Tribunal (NCLAT)
Posted inBusiness
Insolvency case against OYO subsidiary concludes; NCLAT admits settlement and disallows all interveners
The tribunal’s order disallowed the intervention of external parties, including FHRAI. OYO will continue to work closely with its hotel partners for the closure of any pending claims
Posted inBusiness
OYO strongly denies FHRAI’s claims regarding ongoing NCLAT hearing
FHRAI claimed that its members have filed claims before the IRP of around INR 93 crore and the association expects more hotels to submit their claims before the next hearing on June 21, 2021
Posted inBusiness
Oyo Insolvency case: NCLAT stalls withdrawal of case; allows FHRAI to intervene
FHRAI members have filed claims before the IRP of around Rs.93 crores and the Association expects more hotels to submit their claims before the next hearing on June 21, 2021.