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OYO gets stay against insolvency process; creditors allege INR 160 Cr in dues

Shortpedia

Content Team
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More than a week after one of OYO’s subsidiary unit OYO Hotels and Homes Private Limited (OHHPL) was dragged to tribunal court under the bankruptcy and insolvency code, creditors have filed claims worth at least INR 160 Cr, as per a report. An insolvency plea was filed against the OYO subsidiary with the National Company Law Tribunal (NCLT) on April 1 by Conclave Infratech, which operates a chain of hotels in Hyderabad.