Stayzilla founder Yogendra Vasupal's bail petition rejected

Vasupal was arrested after a vendor complained that dues of Rs 1.69 cr were not paid by the company

A bail petition by Stayzilla founder Yogendra Vasupal was rejected by a court here, even as his co-founders continued to campaign for intervention by entities in the segment and the government to secure his release.

Vasupal, founder of the online accommodation aggregator, was arrested on March 14 on a charge of cheating, after a vendor complained that dues of Rs 1.69 crore were not paid by the company that had also suspended its operations.

A metropolitan magistrate dismissed the bail petition even as Vasupal's counsels argued it was a civil case and criminal charges were foisted to put pressure on him.

On Wednesday,