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Yatra Online Ltd Subsidiary Settles Dispute, NCLAT Orders CIRP Withdrawal with Refund

Yatra Online Ltd announced that its wholly owned subsidiary, TSI Yatra Private Limited, has settled a dispute with Ezeego Travels & Tours Ltd. The settlement includes a payment of INR 5,00,00,000 (Rupees Five Crore Only) and CIRP cost amounting to INR 6,25,400 (Rupees Six Lacs Twenty-Five Thousand Four Hundred Only). The National Company Law Appellate Tribunal (NCLAT) has disposed the appeal, directing the refund of the deposited amount to TSI, the withdrawal of the Corporate Insolvency Resolution Process (CIRP), and restricting any further CIRP steps until a decision by the NCLT on the Withdrawal Application.

• Yatra Online Ltd's subsidiary, TSI Yatra Private Limited, settles dispute with Ezeego Travels & Tours Ltd.
• Payment of INR 5,00,00,000 (Rupees Five Crore Only) and CIRP cost of INR 6,25,400 (Rupees Six Lacs Twenty-Five Thousand Four Hundred Only) made under the settlement.
• NCLAT disposes the appeal and orders the refund of deposited amount to TSI.
• NCLAT directs the withdrawal of CIRP and restricts further CIRP steps until NCLT's decision on the Withdrawal Application.
• The intimation is now available on Yatra Online Limited's website.