Hotel Lobby Drags OYO To CCI

Pan-India Hotel Lobby Drags OYO To CCI Over Broken Promises

The Federation of Hotels and Restaurant Association of India (FHRAI) has reportedly filed a complaint with the Competition Commission of India (CCI) against SoftBank backed company OYO. The hotel body has alleged that three months after OYO promised its partners an 18% interest on delayed payments and launched complaint redressal solutions, the issues continue to be […]

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SC Cancels RERA Registration Of Amrapali

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Complete Pending Projects

In a major relief to thousands of homebuyers, the Supreme Court on July 23, 2019, cancelled the registration of real estate major Amrapali group under Real Estate (Regulation and Development) Act 2016, and directed the National Building Construction Corporation (NBCC) to complete the construction of its pending projects in Greater Noida and Noida. The Bench comprising […]

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India Accuses Deloitte Of Misreading Law

India Accuses Deloitte Of Misreading Law In Challenging Government’s Call For Ban

The Indian government has accused the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu of misreading a key law by trying to avoid a five-year ban on new business, according to reports. The government had called for a five-year ban on Deloitte practicing in India, citing the firm’s alleged involvement in financial misconduct over the audit of […]

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UK Watchdog Proposes To Fine Marriott

UK Watchdog Proposes To Fine Marriott $124 Million Over Starwood Data Breach

Marriott International Inc. on July 9, 2019, revealed that the UK Information Commissioner’s Office (ICO) had proposed to fine the hotel chain $124 million due to a massive data breach in its Starwood hotels reservation system. Marriott disclosed last year that the acquired Starwood properties had its central reservation database hacked, including five million unencrypted passport numbers and eight million […]

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