Delhi HC sets Aug 12 hearing in Oyo-Zostel dispute
Oyo will continue to honor a court order protecting Zostel's potential stake. The Delhi High Court disposed of Zostel's interim application after this assurance. This order does not settle the ongoing dispute between the two companies. Zostel's appeal regarding a proposed acquisition from 2015 will be heard on August 12. An earlier arbitration award in Zostel's favor was later set aside by the High Court.
Oyo will continue to honor a court order protecting Zostel's potential stake. The Delhi High Court disposed of Zostel's interim application after this assurance. This order does not settle the ongoing dispute between the two companies. Zostel's appeal regarding a proposed acquisition from 2015 will be heard on August 12. An earlier arbitration award in Zostel's favor was later set aside by the High Court.
