Stayzilla founder Yogendra Vasupal granted conditional bail

The Madras High Court granted bail to Yogendra Vasupal, co-founder of homestay aggregator Stayzilla on a condition that he should Rs.40 lakh as deposit in the court.

By :  migrator
Update: 2017-04-11 10:49 GMT
Stayzilla co-founder Yogendra Vasupal

Chennai

It may be noted that on March 28, a similar bail petition moved by Vasupal was dismissed by the Principal Session Court, owing to objections from the City Public Prosecutor. 

Similarly, a Special Court dealing with Central Crime Branch (CCB) cases also dismissed his bail plea on March 23. The CCB had arrested Vasupal on March 14, based on a complaint from CS Aditya of Jigsaw Advertising and Solutions Private Limited for offences under IPC sections dealing with criminal breach of trust, cheating and criminal intimidation. 

As per the case, Stayzilla had failed to make payments for advertising services rendered by him since February 2016 and has defrauded him to the tune of Rs 1.69 crore.

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