Delhi HC dismisses Zostel's fresh petition against Oyo, clearing IPO overhang

The Delhi High Court dismissed Zostel's latest petition against Oyo parent PRISM in their long-running dispute. The ruling removes a legal overhang as PRISM advances its IPO, having disclosed the litigation in its offer documents.

— Filed Fri, 10 Jul, 2026, 11:23 IST · Source ET Small Business · Updated

Delhi High Court dismissed Zostel's fresh petition against Oyo parent PRISM in their long-running dispute. The ruling clears a legal overhang as PRISM proceeds with its IPO, having disclosed the dispute in its papers.