Yatra subsidiary resolves insolvency proceedings after settlement

Yatra Online Limited (YATRA) reported on December 2, 2025, that the National Company Law Appellate Tribunal (NCLAT) has disposed of the appeal related to the Corporate Insolvency Resolution Process (CIRP) of its subsidiary, TSI Yatra Private Limited (TSI). This follows a settlement agreement on November 19, 2025, with Ezeego Travels & Tours Ltd., the operational creditor.

Under the settlement, TSI paid INR 5,00,00,000 as the settlement amount, along with CIRP costs of INR 6,25,400. The NCLAT has now directed the refund of INR 4,03,19,100 deposited by TSI under a previous Stay Order, and instructed the Interim Resolution Professional to file a Withdrawal Application for the CIRP. Any further steps in the CIRP are contingent on the NCLT's decision regarding the Withdrawal Application.