Team  SoOLEGAL

Failed Merger: Now OYO and Zostel fight it out in court

Team SoOLEGAL 20 Feb 2018 2:00pm

Failed Merger: Now OYO and Zostel fight it out in court

Bengaluru: The merger between OYO and Zostel might not have taken off, but the matter has now taken a legal twist. On February 2, Zostel had filed arbitration plea in Gurgaon Court, reacting to this, OYO said it will contest the matters in the Court. In its statement OYO said that it had filed a criminal complaint against the founders of Zostel on January 16, 2018 under various sections pertaining to criminal breach of trust, cheating and misrepresentation of data.

There have been series of charges and counter charges by the two companies on each other. The matter will now soon be heard by the Court.


Tagged: oyo   zostel   gurgaon court  
Did you find this write up useful? YES 0 NO 0
Send
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.