Zostel Withdraws Fresh Delhi HC Plea Against OYO; Next Hearing Set For August 12
Zostel has withdrawn an urgent Delhi High Court plea seeking to escrow a claimed 7% stake in OYO-parent PRISM ahead of its ₹6,650 Cr IPO. The decade-old equity dispute's appeal is now listed for hearing on August 12, leaving the overhang unresolved as OYO advances its public listing plans.
Zostel withdrew an urgent Delhi HC plea seeking escrow of a claimed 7% stake in OYO-parent PRISM ahead of its ₹6,650 Cr IPO. The decade-old equity dispute's appeal is now scheduled for hearing on August 12.
Why this matters
The withdrawal keeps a decade-old Zostel equity dispute alive as an overhang while OYO pushes toward its ₹6,650 Cr public listing, deferring resolution to the August 12 hearing.
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