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No, not bankruptcy! Oyo insolvency admitted by NCLT for Rs 16 lakh dispute


No, not bankruptcy! Oyo insolvency admitted by NCLT for Rs 16 lakh dispute
Oyo Founder and CEO Ritesh Agarwal has dismissed rumours that Oyo has filed for bankruptcy
Manu Kaushik | April 7, 2021 | Updated 13:46 IST
Oyo Founder and CEO Ritesh Agarwal
A fresh case of insolvency has been filed against the subsidiary of Oyo over a dispute of Rs 16 lakh. The National Company Law Tribunal (NCLT) has admitted the case and ordered the commencement of corporate insolvency proceedings on March 31, 2021. The NCLT has ordered the creditors of Oyo Hotels and Homes Private Limited (OHHPL), Oyo s subsidiary, to submit their claims by April 15 to the interim resolution professional (IRP) based in Ahmedabad. ....

Oyo Ritesh Agarwal , Ritesh Agarwal , National Company Law Tribunal , Oravel Stays Pvt Ltd , Oyo Hotels , Homes Private Limited , Oyo Founder , Hyderabad Based Conclave Infratech , Softbank Backed Oyo , Will Oyo , ஓயோ ரித்தேஷ் அகர்வால் , ரித்தேஷ் அகர்வால் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , ஓரகவேல் தங்குகிறது பிரைவேட் லிமிடெட் , ஓயோ ஹோட்டல் , வீடுகள் ப்ரைவேட் வரையறுக்கப்பட்டவை , ஓயோ நிறுவனர் , ஹைதராபாத் அடிப்படையிலானது மாநாடு இன்ப்றதேச் , விருப்பம் ஓயோ ,

Mallya seeks access to funds held by UK court from sales of French asset


Mallya seeks access to funds held by UK court from sales of French asset
Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya s French luxury property Le Grand Jardin
PTI | December 11, 2020 | Updated 22:30 IST
Vijay Mallya
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. ....

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