• Chethan Machaknur

HC’s OYO order may impact other startup’s to default


Delhi High Court's recent order which directs Oyo Hotels & Homes to register details of all debt-free assets in order to pay off creditors will set a significant precedent for startups who default in meeting minimum business guarantee payments to vendors, lawyers and policy experts said.


High court was hearing a plea by hospitality firm Anam Datsec Pvt Ltd which sought damages worth ₹8 crore from Oyo for alleged non-payment of dues.


Co-living startup Nestaway, vehicle rental startups like Drivezy, Zoomcar also facing similar allegations on non-payment of dues to vendors.

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