Is OYO really bankrupt? The director of the company said that ….

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Is OYO actually bankrupt? The director of the corporate mentioned that ….

Mumbai: There was information that an OYO firm working within the hospitality sector had filed for chapter. However now the corporate’s administrators have denied the information. & Nbsp;

Oyo Rooms additionally gives lodge rooms within the nation and overseas. Lodge rooms are booked by Oyo. It was reported that Oyo had filed for chapter. However Riteish Agarwal, founder and director of Oyo Rooms, says the information is fake. & Nbsp;

Riteish Agarwal has tweeted on this regard. In his tweet, he mentioned that the information of the chapter petition is fake. There may be additionally no indisputable fact that a few of the claiming PDFs and textual content messages are circulating on social media. & Nbsp;

There’s a PDF and textual content message circulating that claims OYO has filed for chapter. That is completely unfaithful and inaccurate. A claimant is in search of INR 16Lakhs (USD 22k) from OYO’s subsidiary resulting in a petition at NCLT. 1/3

& mdash; Ritesh Agarwal (@riteshagar) April 7, 2021

NCLT has accredited company insolvency proceedings towards Oyo Accommodations and Houses Pvt Ltd (OHHPL). The Nationwide Firm Legislation Tribunal has ordered OHHPL makers to submit their declare to the Interim Decision Occupation earlier than April 15. & nbsp;

#OYO #bankrupt #director #firm

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