Delhi HC order on Oyo may impact startups defaulting on vendor payments


The high court was hearing a plea by hospitality firm Anam Datsec Pvt Ltd which sought damages worth ₹8 crore from Oyo for alleged non-payment of dues.


Delhi High Court's recent order which directs Oyo Hotels and Homes to register details of all debt-free assets in order to pay off creditors will set a significant precedent for startups who default in meeting minimum business guarantee payments to vendors, lawyers and policy experts said.


The high court was hearing a plea by hospitality firm Anam Datsec Pvt Ltd which sought damages worth ₹8 crore from Oyo for alleged non-payment of dues.


On 7 July, the court had initially passed an order directing Oyo Hotels to file a “sworn affidavit" detailing a list of all unencumbered assets—hotels and properties free of debt and other liabilities—on the plea by Anam Dastec. Oyo was given two weeks to submit the affidavit.

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