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Zostel v Oyo: Supreme Court appoints arbitrator in case

Last month, the Supreme Court appointed an arbitrator in a case between hospitality companies Zostel and Oyo Rooms. The arbitrator, former Chief Justice of India AM Ahmadi, will decide the question of whether the arbitration agreement signed between the two companies stands. If it does, the companies will have to fight out their disputes in a private arbitration setting as opposed to open court. Both companies have been embroiled in a legal war across multiple courts, ranging from issues like data theft to acting in bad faith. The dispute started after merger talks between Zostel and Oyo broke down. Oyo said that Zostel had misled it on revenue, while Zostel claims that, among other things, Oyo stole a trove of data while auditing it. Oyo and Zo's statements Oyo said in a statement: After Delhi High Court and Gurgaon Court adjudicating the case filed by Zostel in favour of OYO, Supreme Court appoints an arbitrator. Supreme Court also observes that merely because the Court is appointing arbitrator does not mean that the Court is accepting that the disputes or the claims raised by Zostel are arbitrable. For more than a year, OYO has been continuously inconvenienced, pressurized and harassed by Zostel and its directors. In January this year, OYO filed a criminal complaint against the founders of Zostel, under Section 405, 406, 415, 420, 425 and 426 pertaining to Criminal Breach of Trust, Cheating, and Misrepresentation of data. Prior to this, OYO had also filed other criminal cases under section 379,…

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