 "Yogendra Vasupal")
The dispute between online accommodation aggregator Stayzilla and one of its vendors, Jigsaw, saw a new turn, with the latter approaching National Company Law Tribunal (NCLT). The NCLT Bench on Thursday adjourned the matter for hearing to next week.
The company approached NCLT seeking to initiate insolvency proceedings since Stayzilla has failed to pay the dues and stopped operations without clearing dues, said Aditya CS, founder of Jigsaw. Stayzilla founder Yogendra Vasupal did not comment on the NCLT matter.
It may be noted that the dispute between the two companies triggered a series of discussions in the industry. The issue came to the
