Oyo-NCLT case: Hotelier to withdraw insolvency plea against Oyo unit – Business Standard

Rakesh K Yadav says he got Rs 16 lakh as part of settlement

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Oyo|NCLT

Gurugram-based hotelier Rakesh K Yadav, who filed a plea with the The National Company Law Tribunal against a unit of hospitality firm Oyo, has withdrawn the case after resolving issues with the company.

After open discussion with teams from Oyo and its subsidiaries, I fully withdraw the case and confirm that all issues are resolved. I also acknowledge the receipt of Rs 16 lakh under the MSA (master service agreement) with MTH. I have observed in my interactions that Oyo and its employees are always committed to professional conduct and business practices. I am thankful for Oyo’s innovativ…

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