Oyo moves Delhi High Court against arbitral award in lease dispute with Lenskart

The Delhi High Court has issued notice to Lenskart on Oyo Hotels and Homes Pvt Ltd’s plea challenging parts of an arbitral award in a Bengaluru coworking space lease dispute.

The 2019 lease was terminated by Lenskart in May 2020, citing COVID-19. Oyo alleged premature termination and sought ₹7.8 crore in rent, while Lenskart demanded a ₹1.21 crore refund.

The arbitrator found the pandemic did not trigger force majeure but capped Oyo’s lock-in period compensation and ruled on interest and stamp duty.

Oyo now seeks to set aside these findings, with Lenskart asked to respond. The court has sought Lenskart’s response to the challenge. 

[Oyo Hotels and Homes Pvt Limited Vs Lenskart Solutions]