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Siliguri-based hotelier moves SC against Oyo for unfair practices

In July, the NCLAT closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties

Photo: OYO Hotels & Homes
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Photo: OYO Hotels & Homes

Neha Alawadhi New Delhi
A Siliguri-based hotelier has challenged a National Company Law Appellate Tribunal (NCLAT) ruling that closed insolvency proceedings against OYO and one of its units, in the Supreme Court.
 
The hearing is scheduled for September 13 before a two-judge Bench.
 
Oyo did not immediately respond to a request for comment.
 
“We tied up with OYO in July 2017 and until February 2019, it did fair business practices with us and we had no complaints with them. From March 2019, itself it started charging unnecessary penalties and charges and taking a huge chunk from our room revenues every month.