Delhi HC to hear Zostel's appeal against IPO-bound Oyo on August 12
The Delhi High Court will hear hostel chain Zostel's appeal against Oyo on August 12, in a dispute stemming from Oyo's failed 2015 acquisition of Zostel that triggered arbitration and litigation. The case is a live overhang as Oyo pursues its IPO.
Delhi High Court will hear hostel chain Zostel's appeal against IPO-bound hospitality firm Oyo on August 12, stemming from Oyo's failed 2015 acquisition of Zostel that triggered arbitration and litigation.
Why this matters
Continues the Zostel-Oyo legal saga: after the Delhi HC dismissed Zostel's fresh plea and Zostel withdrew its urgent plea against IPO-bound Oyo, the next hearing is now set for August 12.
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