SC dismisses Zostel’s appeal against Oyo

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The Supreme Court on Wednesday dismissed Zostel’s petition challenging Delhi High Court’s previous ruling in its ongoing dispute with Oyo (Oravel Stays Ltd).

A bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court order. The Delhi High Court’s ruling setting aside the Arbitration award of 2021 currently continues to operate effectively barring any rights or claim of Zostel against Oyo.

This litigation originated from a 2015 non-binding term sheet involving…



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SC dismisses Zostel’s appeal against Oyo



The Supreme Court on Wednesday dismissed Zostel’s petition challenging Delhi High Court’s previous ruling in its ongoing dispute with Oyo (Oravel Stays Ltd).

A bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court order. The Delhi High Court’s ruling setting aside the Arbitration award of 2021 currently continues to operate effectively barring any rights or claim of Zostel against Oyo.

This litigation originated from a 2015 non-binding term sheet involving…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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