Delhi High Court will hear Oyo’s challenge to an arbitration award against Lenskart in a COVID-era lease dispute over office termination, focusing on compensation, interest, and contract terms.
The Delhi High Court has annulled an arbitral award against Oravel Stays (OYO) in a dispute with Zostel over a 2015 acquisition deal. The ruling highlights the necessity for formal agreements in business transactions, emphasizing that non-binding term sheets may not ensure enforceability in legal proceedings. Final order details are pending.
OYO has sought the Delhi High Court’s intervention to prevent media outlets from publishing allegedly defamatory reports about a Rajasthan FIR claiming fake bookings. The Court allowed OYO to present its side to news organizations, while the ongoing legal issues relate to accusations of unfair practices against the company by hotel owners in Rajasthan.
A consumer court in Tamil Nadu ordered OYO and a guest house to pay over Rs.16 lakh in compensation to a man and his sister after failing to provide a room despite advance booking, impacting the sister’s All India Law Entrance Test (AILET) and academic future. The court emphasized the severe consequences of their unfair trade practices.
OYO was ordered to refund ₹3,461 to Advocate Vibhor Aggarwal for a denied hotel stay. The consumer forum also instructed OYO to pay ₹25,000 in damages and ₹11,000 in litigation expenses. The hotel’s failure to honor a confirmed booking led to the ruling, with the forum asserting Aggarwal’s claims and rejecting OYO’s defenses.
