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Siliguri hotelier has challenged the NCLAT Order in the Supreme Court against the OYO

A Siliguri hotelier has challenged the NCLAT Order in the Supreme Court, which gave profoundly a clean chit to Softbank-backed hospitality firm OYO two months ago against an insolvency proceeding.

"We restricted with OYO in July 2017 and until February 2019, it did reasonable strategic approaches with us and we had no bad things to say with them. From March 2019, itself it began charging pointless punishments and charges and taking a tremendous piece from our room incomes consistently. We continued grumbling to its specialists yet it continued disclosing to us that it will return the cash, however without any result," said the Siliguri hotelier Mona Aggarwal, which she claims Rs. 35 lakhs.

This comes from the backdrop of when in July, the NCLAT shut bankruptcy proceedings continuing against OYO and one of its auxiliaries OYO Hotels and Homes (OHHPL), and furthermore refused the intercession of outside parties, including the Federation of Hotel and Restaurant Associations of India (FHRAI). Industry body FHRAI said in May that it had been permitted by the NCLAT to mediate for inns in the OYO unit bankruptcy case before the court. The affiliation had documented the application for its part inns in India, which said functional loan bosses were enduring enormously by virtue of non-instalments of obligation by OYO. In April this year, the NCLT Ahmedabad had begun indebtedness procedures against OYO's auxiliary OYO Hotels and Homes after Gurugram-based hotelier Rakesh K. Yadav recorded the case. He guaranteed that OHHPL defaulted on an instalment of Rs. 16 lakh.

The hearing was scheduled for 13 September 2021 before the Supreme Court Division Bench comprising Justices Indira Banerjee and J.K. Maheshwari.

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