Oyo drags Lenskart back to court over office lease fallout

Oyo Hotels and Homes Pvt Ltd has approached the Delhi High Court to challenge parts of an arbitration award in its lease dispute with eyewear retailer Lenskart Solutions Pvt Ltd, reported Bar and Bench. The case concerns the early termination of a coworking space lease during the COVID-19 pandemic.

The petition came up on Tuesday before Justice Amit Bansal, who issued notice to Lenskart and sought its response. Oyo, which had partially succeeded in arbitration, is seeking to set aside the award’s findings on three issues: compensation for the lease’s lock-in period, the award of interest, and certain observations on stamp duty.