Zostel claims victory in legal tussle with Oyo2 min read 07 Mar 2021, 10:26 PM IST
Zostel will take the judgement to Oyo to fulfil the obligations under the term sheet and transfer the shares
An arbitral tribunal ruled in favour of Zostel Hospitality Pvt. Ltd, which owns Zostel Hostels and ZO Rooms, in a legal battle against Oravel Stays Pvt. Ltd, the parent of Oyo Rooms, which may lead to shareholders of ZO Rooms to now own 7% in Oyo.
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