Ya'll Nibbiars However, OYO appealed for a stay on the insolvency proceedings in the National National Company Law Appellate Tribunal (NCLAT) on April 8, following which the NCLAT provided a partial stay order on the proceedings.
The original disputed amount claimed by Conclave Infratech was INR 16 Lakh, which OYO has said it has already settled. But with insolvency proceedings ongoing, creditors to OYO have filed for claims worth INR 160 Cr, which is yet to be verified and approved by the court and the resolution professional, said Srinivas Kotni, managing partner, Lexport, the law firm representing one of the creditors.