Chancery Axes Indian Travel Firm’s Claims Of Deal-Killing Plot

Law360 (August 31, 2021, 5:48 PM EDT) — The Delaware Chancery Court has dismissed India-based…

Law360 (August 31, 2021, 5:48 PM EDT) — The Delaware Chancery Court has dismissed India-based online travel agency Yatra Online’s suit alleging that a reluctant merger partner schemed with lenders to gut their deal, finding that Yatra’s termination of the merger agreement eliminated its breach of contract claims.

In a 46-page order issued Monday, Vice Chancellor Joseph R. Slights III also granted bids by Yatra’s would-be partner Ebix Inc. and its lenders to dismiss claims of breach of the implied covenant of good faith and fair dealing, fraud and tortious interference.

“It is a great vindication for Ebix in the wake of all the claims made by Yatra in…

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