Hospitality chain Oyo said on Thursday that it takes written a letter to the National Company Law Tribunal (NCLT) and has demanded the tribunal to expedite the Ministry of Corporate Affairs (MCA) study on the running of the Federation of Hotel & Restaurant Associations of India (FHRAI) and make the same access to the public at large and the memberships of the hospitality industry.
In August last year, NCLT’s principal stall, New Delhi passed an order where it directed MCA to look into the businesses of FHRAI and examine if it conducts the problem in a manner compliant with the supplies of Companies Act. The order also stated that this was the essential course of action due to a series of litigation that is breeding due to demeanor in the affairs of FHRAI. The Tribunal had also specified in its order that personal interest has come to appear over the functioning of FHRAI and that this has to be restricted.
Oyo writes to NCLT to expedite the MCA inquiry
Oyo stated in its picture that the “present governing body members of the FHRAI, are running a harmful and malicious agenda aimed towards ruining the notice of hotel industry at large, and making hurdles and bottlenecks for new players in the market, who are posing a stiff trial to the self-serving agenda of certain members of the FHRAI by vested interest.” Oyo said in its message to NCLT that it has questioned the operative of FHRAI and urged NCLT to take fitting action contrary to the erring committee memberships.
In November latter year, the National Company Law Appellate Tribunal (NCLAT) admitted Oyo’s petition against a Competition Commission of India (CCI) order striking a Rs 169-crore penalty against the hospitality corporation.
It’s registered for a hearing in April.