Yatra Online Limited , a prominent player in the Indian online travel industry, has successfully concluded its insolvency dispute with the completion of Corporate Insolvency Resolution Process (CIRP) withdrawal for its wholly owned subsidiary TSI Yatra Private Limited. The National Company Law Tribunal (NCLT) has approved the withdrawal application, marking the final resolution of the complex legal battle with Ezeego Travels & Tours Ltd.

NCLT Approves CIRP Withdrawal

Following the settlement agreement reached between the parties, the Interim Resolution Professional (IRP) filed an application under Section 12A of the Insolvency and Bankruptcy Code seeking withdrawal of the CIRP. The NCLT has now allowed this application and permitted withdrawal of both the Company Petition and the CIRP proceedings.

Settlement Details and Financial Impact

The resolution involved a comprehensive settlement package that has now been fully executed:

The settlement amount had been previously accounted for in the company's books, ensuring no additional financial impact on Yatra Online's statements. The refund of the deposit amount provides additional financial relief to the subsidiary.

Background and Resolution Timeline

The dispute originated from a petition filed by the Liquidator of Ezeego Travels & Tours Ltd. (currently under liquidation) against TSI Yatra Private Limited. The case progressed through multiple legal stages:

1. October 15, 2024: NCLT admitted TSI Yatra into CIRP
2. October 18, 2024: NCLAT stayed the admission order conditional on ₹4.03 crore deposit
3. October 23, 2024: TSI complied with deposit requirement
4. November 19, 2025: Settlement agreement executed
5. December 23, 2025: NCLT approved CIRP withdrawal and deposit refunded

Strategic Implications

This successful resolution demonstrates Yatra Online's effective approach to managing subsidiary-related legal challenges. The completion of the withdrawal process removes all regulatory uncertainties and allows TSI Yatra Private Limited to resume normal business operations without any insolvency-related restrictions.

The resolution also showcases the company's commitment to maintaining clean corporate governance and resolving disputes through structured settlement mechanisms. With the legal proceedings now fully concluded and deposits refunded, Yatra Online can focus entirely on its core travel business operations in the competitive online travel market.

Yatra Online Limited , a leading Indian online travel company, has reported a robust financial performance for the quarter ended September 30, 2025, showcasing significant growth across key metrics.

Financial Highlights

The company's quarterly results demonstrate substantial year-over-year improvements:

Profitability Surge

Yatra Online has reported a remarkable turnaround in profitability, achieving a net profit of ₹190.57 million in the quarter ended September 30, 2025, compared to a loss of ₹73.01 million in the same period last year. This substantial improvement underscores the company's effective cost management and operational efficiency.

Revenue Growth

The company's revenue witnessed a strong year-over-year growth of 73%, reaching ₹2,804.37 million compared to ₹1,623.04 million in the previous year. This significant increase indicates a robust recovery and expansion of Yatra's business operations.

Half-Year Performance

For the six-month period, Yatra Online posted impressive results:

• Net profit of ₹302.73 million, up from ₹73.43 million in the previous year
• Total revenue increased to ₹5,349.87 million from ₹3,093.29 million

Segment-wise Revenue

For the six-month period:

• Air ticketing segment generated ₹3,231.69 million in revenue
• Hotels and packages contributed ₹1,959.47 million

Regulatory Matters

The company's auditors have noted ongoing regulatory queries from NSE and SEBI regarding ₹3,391.44 million in deposits/advances from IPO proceeds. Yatra Online has responded to these queries based on legal opinions confirming compliance with offer document objectives.

Looking Ahead

As the travel industry continues to recover and grow, Yatra Online's impressive quarterly performance positions it well to capitalize on the increasing demand for online travel services in India. The company's focus on profitability and strong revenue growth indicates a positive outlook for the coming periods.

Investors and market observers will likely keep a close watch on Yatra's continued execution of its growth strategies and its ability to maintain this momentum in the highly competitive online travel market.

Note: The financial results mentioned in this article are for the quarter ended September 30, 2025, as per the company's filing.