Delhi HC dismisses Zostel's fresh petition against Oyo parent PRISM
The Delhi High Court dismissed Zostel's latest petition in its long-running dispute with Oyo parent PRISM. Zostel clarified it won't obstruct PRISM's IPO, and the earlier arbitral award backing Zostel's claims was set aside in May 2025, clearing a legal overhang ahead of the listing.
Delhi High Court dismissed Zostel's fresh petition against Oyo parent PRISM in their long-running dispute. Zostel clarified it won't obstruct PRISM's IPO; the earlier arbitral award backing Zostel's claims was set aside in May 2025.
Why this matters
Continues the long-running Zostel-Oyo equity dispute after the Delhi HC dismissed a prior plea and Zostel withdrew a fresh petition, with an August 12 hearing previously scheduled ahead of the IPO.
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