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Hon’ble 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
Mr Jaison Chacko, Secretary General, Federation of Hotel & Restaurant Associations of India (FHRAI) “The latest development of Hon’ble NCLAT ordering Oyo to deposit 10 per cent of the total fine of Rs.168 Cr imposed by
Mr Jaison Chacko,
Secretary General, Federation of Hotel & Restaurant Associations of India (FHRAI)
“The latest development of Hon’ble NCLAT ordering Oyo to deposit 10 per cent of the total fine of Rs.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 Rs.17 Cr as the initial monetary fine to ensure hearing of their appeal in the Hon’ble 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 Mr Jaison Chacko, Secretary General, Federation of Hotel & Restaurant Associations of India (FHRAI).
About Federation of Hotel & Restaurant Associations of India (FHRAI):
The Federation of Hotel & Restaurant Associations of India (FHRAI) is the apex body of the Indian Hospitality industry. Founded in 1955, the FHRAI is the third-largest Hospitality association in the world and has diligently built on its rich legacy. The Association is today privileged to serve as the leading voice of the hotel and restaurant industry and plays a seminal role in supporting the growth trajectory of India’s hospitality and tourism sector. FHRAI provides a vibrant interface between the industry, government, regulatory bodies, academia, international organizations, civil society and the media.
