Conclave Infratech, a hospitality firm headquartered in Hyderabad, has moved an insolvency application in National Company Law Tribunal’s (NCLT) Ahmedabad chapter against Oravel Stays – the parent company of Oyo Rooms.
Image Source: Ritesh Agarwal's official Twitter handle
According to Economic Times (ET), Conclave Infratech has moved the insolvency application citing breach of contract by Oyo.
Conclave…
