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Is OYO really bankrupt? The director of the company said that ….

Is OYO actually bankrupt? The director of the corporate mentioned that ….

Mumbai: There was information that an OYO firm working within the hospitality sector had filed for chapter. However now the corporate’s administrators have denied the information. & Nbsp;

Oyo Rooms additionally affords lodge rooms within the nation and overseas. Resort rooms are booked by means of Oyo. It was reported that Oyo had filed for chapter. However Riteish Agarwal, founder and director of Oyo Rooms, says the information is fake. & Nbsp;

Riteish Agarwal has tweeted on this regard. In his tweet, he mentioned that the information of the chapter petition is fake. There’s additionally no incontrovertible fact that a few of the claiming PDFs and textual content messages are circulating on social media. & Nbsp;

There’s a PDF and textual content message circulating that claims OYO has filed for chapter. That is completely unfaithful and inaccurate. A claimant is looking for INR 16Lakhs (USD 22k) from OYO’s subsidiary resulting in a petition at NCLT. 1/3

& mdash; Ritesh Agarwal (@riteshagar) April 7, 2021

NCLT has authorized company insolvency proceedings in opposition to Oyo Motels and Houses Pvt Ltd (OHHPL). The Nationwide Firm Regulation Tribunal has ordered OHHPL makers to submit their declare to the Interim Decision Career earlier than April 15. & nbsp;

#OYO #bankrupt #director #firm

Updated: April 7, 2021 — 5:49 pm
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