Archive · 12 Aug 2025
Oyo Challenges Lenskart Arbitration Award Over Lease Termination
Oyo, a hotel and co-working space company, is in a disagreement with Lenskart, an eyewear retailer, over a lease.
They had a deal for a co-working space in Bengaluru, but Lenskart stopped paying rent and ended the lease early because of the pandemic.
Oyo thinks this was wrong and wants money for the remaining time on the lease.
An arbitrator made a decision, partly in Oyo's favor, but Oyo isn't happy with some parts of it, especially regarding how much money they should get.
Now, Oyo is asking the Delhi High Court to change those parts of the decision to get more money.
Oyo challenges parts of an arbitration award related to a lease dispute with Lenskart.
The dispute began with a six-year lease agreement for a coworking space in Bengaluru.
Lenskart terminated the lease in May 2020, citing the COVID-19 pandemic.
An arbitrator ruled that COVID-19 did not trigger the force majeure clause in the lease.
Oyo is seeking to overturn aspects of the award concerning compensation and interest.
- Who
- Oyo and Lenskart are the involved companies. The Delhi High Court is hearing the case.
- What
- Oyo is challenging parts of an arbitration award in its lease dispute with Lenskart.
- When
- The lease was terminated in May 2020, and the arbitration award was made in September 2021. Oyo approached the Delhi High Court on Tuesday.
- Where
- The initial lease was for a space in Bengaluru. The Delhi High Court is involved in the current proceedings.
- Why
- Oyo is contesting specific findings in an arbitration award concerning compensation and interest related to the early termination of a lease agreement with Lenskart.
Oyo's Position
Lenskart's Position
Lease Termination
Oyo's Position
Oyo believes Lenskart's early termination was unlawful and premature.
Lenskart's Position
Lenskart cited force majeure due to the pandemic to justify the early termination of the lease.
Compensation
Oyo's Position
Oyo seeks compensation for the unexpired lock-in period.
Lenskart's Position
The arbitrator reduced Oyo's requested lock-in compensation.
- Companies Involved
- Oyo, Lenskart
- Lease Location
- Bengaluru, India
- Lease Duration
- Six years
- Lock-in Period
- 36 months
- Termination Date
- May 24, 2020
- Arbitrator Decision
- COVID-19 did not trigger force majeure