PUNE, India — SoftBank-backed Oyo Rooms, which claims to be the world’s second-largest hotel chain, has managed to save its subsidiary Oyo Hotels and Homes Pvt Ltd from insolvency proceedings, for now. Rakesh Yadav, the owner of a 21-room hotel in India’s northern city of Gurugram, approached the National Company Law Tribunal (NCLT) against Oyo Hotels in 2019 over unpaid dues of […]
The post Indian Hotel Chain Oyo Gets Reprieve Against Insolvency Proceedings first appeared on The Florida Star | The Georgia Star.
