Zostel appeals to a Delhi HC order that set aside an Arbitral Award of 7% stake in OYO

Zostel Hospitality moved the Delhi High Court Division Bench challenging a single judge’s order that set aside an arbitral award granting it rights to a 7% stake in OYO [Oravel Stays].

A Bench of Justices Nitin Wasudeo Sambre and Anish Dayal issued notice to OYO and listed the matter for October 9.

The dispute began in 2015 when OYO agreed to acquire Zostel’s business in exchange for equity, but the parties never signed definitive agreements.

In 2021, an arbitral tribunal found OYO in breach, but Justice Sachin Datta in May 2025 annulled the award. Zostel now seeks restoration of its stake or equivalent compensation.