more-inThe Principal Sessions Court, Chennai has dismissed the bail application moved by Yogendra Vasupal, co-founder of online home stay aggregator Stayzilla. This was the second application moved by the entrepreneur after a Special Court refused him bail on March 23. A separate anticipatory bail application moved by Mr. Vasupal’s partner and second accused in the case Sarjit Singhi was also dismissed by the court. On March 14, the Central Crime Branch (CCB) police arrested Mr. Vasupal based on a complaint from C.S. According to the complainant, Stayzilla failed to make payments for advertising services rendered by him since February 2016 and had defrauded him of ₹1.69 crore.

Source: The Hindu March 28, 2017 19:12 UTC