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US court dismiss Yatra Online's claims for damages from Ebix for breach of merger contract

The Court of Chancery in its latest order said that Yatra's claims of damages from Ebix were not substantially justified.

August 31, 2021 / 11:04 AM IST
Representative image

Representative image

A Court in the US on August 30 dismissed all claims by the online travel agency and travel search engine, Yatra Online Inc against US-Based software firm Ebix Inc, a court order seen by Moneycontrol said.

Yatra Online had last year announced that it was terminating its pending $337.8 million merger agreement with Ebix over the alleged violation of agreement terms.

The Indian company had even sued Ebix and had sought substantial damages for the alleged breach of the agreement.

The Court of Chancery of The State Of Delaware in its latest order said that Yatra's claims of damages from Ebix were not substantially justified.