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TMT Law Practice advises WinZo on USD 12 Million Buyback from Hike

TMT Law Practice advises WinZo on USD 12 Million Buyback from Hike
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

New Delhi , Saumya Singh Rathore , Bagmisikha Puhan , Paavan Nanda , Abhishek Malhotra , Saumya Rathore , Times Network , J Sagar Associates , Khaitan Co , University Of Manchester , Tictok Skill Games Private Limited Winzo , Businesswire India , Real Money Gaming Industry , Hike Global , Kalaari Capital , Zostel Hospitality , Managing Partner , Associate Partner , Tictok Skill Games Private Limited , புதியது டெல்ஹி , ச Um ம்யா சிங் ரதோரே , பாவந் நந்தா , அபிஷேக் மல்ஹோத்ரா , முறை வலைப்பின்னல் , ஜு சாகர் கூட்டாளிகள் , கைதன் இணை ,

TMT Law Practice advises WinZo on USD 12 Million Buyback from Hike

TMT Law Practice advises WinZo on USD 12 Million Buyback from Hike
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.

New Delhi , Saumya Singh Rathore , Bagmisikha Puhan , Paavan Nanda , Abhishek Malhotra , Saumya Rathore , Times Network , J Sagar Associates , Khaitan Co , University Of Manchester , Tictok Skill Games Private Limited Winzo , Businesswire India , Real Money Gaming Industry , Hike Global , Kalaari Capital , Zostel Hospitality , Managing Partner , Associate Partner , Tictok Skill Games Private Limited , புதியது டெல்ஹி , ச Um ம்யா சிங் ரதோரே , பாவந் நந்தா , அபிஷேக் மல்ஹோத்ரா , முறை வலைப்பின்னல் , ஜு சாகர் கூட்டாளிகள் , கைதன் இணை ,

India: NCLT initiates insolvency proceedings against Oyo subsidiary

India: NCLT initiates insolvency proceedings against Oyo subsidiary
Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg
April 7, 2021
The National Company Law Tribunal (NCLT) has ordered a corporate insolvency resolution proceeding against hospitality unicorn OYO’s subsidiary, OYO Hotels and Homes Pvt. Ltd, over a dispute of ₹16 lakh. OYO said it had filed an appeal challenging the insolvency order.
The court ordered the insolvency proceedings on 30 March, with OYO given time until 15 April to submit its claims.
“Notice is given that the National Company Law Tribunal has ordered the commencement of a corporate insolvency resolution process of the OYO Hotels and Homes Pvt. Ltd on 30th March 2021 (w.e.f. 01st April 2021). The creditors of M/S. OYO Hotels and Homes Pvt. Ltd, are hereby called upon to submit their claims with proof on or before 15th April, 2021 to the interim resolution professional,” read the NLCT order. ....

Keyur Jagdishbhai Shah , Ritesh Agarwal , National Company Law Tribunal , Jagdishbhai Shah , Zostel Hospitality , Zostel Hostels , Oravel Stays , Oyo Rooms , கீயர் ஜக்திஷிபை ஷா , ரித்தேஷ் அகர்வால் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , ஜக்திஷிபை ஷா , ஜொஸ்தேல் விருந்தோம்பல் , ஜொஸ்தேல் விடுதிகள் , ஓரகவேல் தங்குகிறது , ஓயோ அறைகள் ,

Will Oyo have to really give 7% shareholding to Zostel?

Will Oyo be forced to give 7% equity to Zostel?
The matter goes back to 2015 when Zo Rooms and Ritesh Agarwal-led Oyo started merger talks. Next year, the deal was called off by Oyo. In 2018, Zo approached the Supreme Court which directed to start the arbitration process
Manu Kaushik | March 16, 2021 | Updated 22:56 IST
Representative Image
Recently, an arbitral tribunal ruled in favour of Zostel Hospitality, a chain of backpackers hostels, in its three-year-old legal battle with SoftBank backed-Oyo Hotels and Homes. Under the deal, Oyo was supposed to acquire Zostel s business. In return, it was expected to give 7 per cent shareholding to Zostel. Zostel claimed that it has transferred its entire business but Oyo refused to transfer shareholding. ....

Supreme Court , Oyo Hotels , High Court , Zostel Hospitality , Chief Justice , Ritesh Agarwal Led Oyo , Oyo Hotels And Homes , Chief Justice Of India , Sam Ahmadi , Zo Rooms , Ritesh Agarwal , உச்ச நீதிமன்றம் , ஓயோ ஹோட்டல் , சாப்ட் பேங்க் , உயர் நீதிமன்றம் , ஜொஸ்தேல் விருந்தோம்பல் , தலைமை நீதி , ரித்தேஷ் அகர்வால் வழிநடத்தியது ஓயோ , ஓயோ ஹோட்டல் மற்றும் வீடுகள் , தலைமை நீதி ஆஃப் இந்தியா , ஸோ அறைகள் , ரித்தேஷ் அகர்வால் ,

Will Oyo have to really give 7% shareholding to Zostel?

Will Oyo have to really give 7% shareholding to Zostel?
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Supreme Court , Oyo Hotels , High Court , Zostel Hospitality , Chief Justice , Ritesh Agarwal Led Oyo , உச்ச நீதிமன்றம் , ஓயோ ஹோட்டல் , சாப்ட் பேங்க் , உயர் நீதிமன்றம் , ஜொஸ்தேல் விருந்தோம்பல் , தலைமை நீதி , ரித்தேஷ் அகர்வால் வழிநடத்தியது ஓயோ ,