SC Junks Zostel’s Appeal Against Delhi HC Order

The SC observed that Zostel should have filed an appeal under Section 37 of the ACA instead of directly approaching it by way of an SLP

In May, the Delhi HC quashed the arbitration tribunal’s 2021 ruling that held OYO liable for breaching a binding agreement in its acquisition of rival Zostel

The legal saga, which began in 2015 when OYO signed a non-binding term sheet to acquire Zostel (Zo Rooms then), has been dragging on for over a decade now

The Supreme Court (SC) has refused to entertain an appeal filed by hostel…