Trouble brews for OYO, company gets legal notice over payment delays
Budget hotel aggregator OYO Rooms has been dragged to the Delhi High Court by a Mumbai based hospitality advisory firm, Noesis Capital Advisors. The case has been filed by the company over non-payment of over 1.5 crore rupees for using its services. The firm has filed a winding up petition against Oravel Stays, the company that owns OYO Rooms. The hospitality advisory firm has reportedly claimed that the $400-million startup has failed to make the payment despite using their services during the scaling-up phase of the venture, in an ET news report.