SUMMARY
The SC observed that Zostel should have filed an appeal under Section 37 of the ACA instead of directly approaching it by way of an SLP
In May, the Delhi HC quashed the arbitration tribunal’s 2021 ruling that held OYO liable for breaching a binding agreement in its acquisition of rival Zostel
The legal saga, which began in 2015 when OYO signed a non-binding term sheet to acquire Zostel (Zo Rooms then), has been dragging on for over a decade now
The Supreme Court (SC) has refused to entertain an appeal filed by hostel…
