NCLAT ordering Oyo to deposit 10 per cent of the total fine imposed by the CCI, positive step in the interest of the hospitality sector, says FHRAI

“The latest development of Hon’ble NCLAT ordering Oyo to deposit 10 per cent of the total fine of INR 168 Cr imposed by the CCI is yet another positive step in the interest of the hospitality sector in the country. As a result, Oyo is now required to pay close to INR 17 Cr as the initial monetary fine to ensure hearing of their appeal in the NCLAT. FHRAI will continue to pursue the matter further for the benefit of thousands of small and budget hotels in the country and to discipline the OTAs in the new digital era so as to ensure a fair market, healthy competition and a level playing field for all stakeholders,” says Jaison Chacko, Secretary General, Federation of Hotel & Restaurant Associations of India (FHRAI).