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StayZilla CEO Vasupal’s bail plea rejected by Chennai special court: report

It’s been more than a week since StayZilla founder Yogendra Vasupal has been taken into police custody over allegations of non-payment of dues. This ET report said that a Special court today denied a bail plea, submitted by Vasupal himself on Monday. Vasupal was taken into police custody last week after Jigsaw Solutions, a media agency filed a case against Vasupal under sections of the law relating to criminal fraud and breach of trust. The report added that Vasupal’s lawyers are looking at alternate options for the bail.

Stayzilla announced last month that it would be shutting down operations and rebooting with a new business model. In a Medium post last week, Vasupal alleged that he and his colleagues were threatened by his landlord and that Jigsaw Solutions has framed charges against him. A TOI report pointed out that Stayzilla defaulted in paying out Rs 1.72 crore to Jigsaw, although Vasupal said in his Medium post that the dues were not settled due to “deficiency of service” provided by Jigsaw. Aditya CS, owner of Jigsaw advertising later retraced stating that Vasupal’s claims are false and that Stayzilla never informed it about “deficiency of services” offered to them, according to a report by TheNewsMinute.

Bangalore office was shut down a month ago

Apart from this, Vasupal also mentioned posted video proof in his Medium post claiming that his landowner (in Bangalore) threatened to shoot him and his colleague with a revolver gun over disagreements of rental payment. MediaNama had visited the premises in HSR Layout Bangalore and found the office was evacuated more than a month ago. Two persons sitting inside the front entrance refused to speak to us and prevented us from taking pictures when we asked for permission.

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