Madan Jain filed an FIR at the Ashok Nagar police station in Jaipur last week, alleging that Avi provided “false information” which resulted in notices.
Apart from OV and Agarwal, the FIR has named several others to be cheated, criminal violation of trust, forgery and criminal conspiracy
The Samsara Resort has claimed that it has seen business transactions in FY 20 at 10.95 million, but Ouu allegedly showed 22.22 CR bookings between fiscal year 19 and FY11.
A resist in Jaipur allegedly filed an FIR against the hospitality giant Ove
And after receiving the GST Show, its cockman Ritesh Agarwal is due to inr 2.66 CR price notices.
According to the Indian Express, Madan Jin, affiliated with Samsara Resorts, filed an FIR at Ashok Nagar police station in Jaipur last week, alleging that Ouuu provided “false information” which resulted in notices.
Apart from OV and Agarwal, the FIR has named several others for fraud, criminal violation of confidence, fraud and criminal conspiracy under Bharatiya Niyana Sinhata (BNS).
According to the FIR, Samsara Resorts in Jaipur signed an agreement with OVO on April 18, 2019 for a 12 -month period. The resort claims that it has seen a total of 10.95 lakh in business transactions during this period, for which it claims to pay GST dues.
However, the FIR claims that OVO allegedly showed 22.22 CR bookings with a summary between the financial year 2018-19, 2019-20, and 2020-21, for which the GST Bill of INR 2.66 CR bill is still pending.
The INC42 report has reached OYO for comment. The story will be updated when the answer is received.
Meanwhile, Rajasthan's President Hussain Khan's Hotel Federation told the publication that more than 20 hotels received GST notes on the basis of “solemn bills” allegedly shown by OV.
Khan alleged that Ouu had been “poor record” with hotels, adding that the federation had launched a campaign against the company four years ago.
Founded by Agarwal in 2012, Ouo offers holiday homes, casino hotels, colleagues' places, budget hotels, corporate establishment and more. Startup has raised about $ 4.5 billion in funding to date, and its backers have been counted on the Soft Bank Group and Microsoft's choices.
The FIR told employees in an email internally, when the fiscal year began in 2,100 CR in the fourth quarter (Q4) of the fiscal year 2024-25 (FY 25), the FIR told employees in an email that it was on the route to increase the revenue of 60 % year (YOY).
Agarwal said in an email, “One of the key participants in this performance has been a successful integration of G -6 hospitality, which has added INR 275 CR to our tax.”
Ouu, with the net profit of his first lucrative year in fiscal year 24, against the net profit of INR 1,286.5 CR in the last financial year. However, in the financial year 23, the revenue declined by 1.3 % while reviewing the INR 5,463.9 CR.
