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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…

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