Oyo has clarified that it has not filed for bankruptcy.
Founder and CEO @oyorooms Mr.Ritesh Agarwal has clarified in a tweet that :
"There is a PDF and text message circulating that claims OYO has filed for bankruptcy. This is absolutely untrue and inaccurate. A claimant is seeking INR 16Lakhs (USD 22k) from OYO's subsidiary leading to a petition at NCLT.
OYO has paid that under protest and amount already banked by the claimant. OYO has also appealed with the NCLAT about the matter. OYO is recovering from the pandemic steadily and our largest markets are operating profitably."
Furthemore Keyur Shah @keyurjshah has also clarified in a tweet :
"I am acting as Interim Resolution Professional in the present case. As stated by @riteshagar the application was filed by one operational creditor u/s 9 of the IBC, 2016 and not by @oyorooms
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