Arbitral Award Against OYO On Dispute With Zostel Flouts Public Policy: Delhi HC

Delhi HC said that 2021 arbitral award against OYO on dispute with Zostel violated public policy

The arbitral award was based on a term sheet that was not binding, said Delhi HC

Justice Sachin Datta passed order on May 13 in a petition filed by OYO under Section 34 of the Arbitration and Conciliation Act, 1996, challenging the arbitral award

The Delhi High Court has reportedly said that the arbitral award passed in 2021 against hospitality major OYO on its dispute with rival Zostel Hospitality violated public…