Zostel has urged India’s market regulator, SEBI, to scrutinize Oyo’s IPO disclosures, alleging gaps and potentially misleading or incomplete references to a long-running legal dispute. According to multiple reports, Zostel is requesting that SEBI direct Oyo to issue additional, more balanced disclosures so prospective investors receive a complete and fair account of the litigation details before the IPO proceeds. The company argues that the current disclosures do not adequately reflect the status and context of the dispute, and it seeks clearer information for investors considering the public offering. While the reports focus on Zostel’s complaint and the request for enhanced disclosure, they do not indicate any SEBI decision or outcome at this stage. The matter centers on what SEBI should review in Oyo’s IPO papers relating to ongoing litigation, including whether the disclosures sufficiently describe the dispute and its implications. The coverage is consistent that Zostel’s intervention is aimed at ensuring transparency in IPO documentation ahead of the public issue.