NCLT Mumbai Greenlights Yatra TG Stays Private Limited's Amalgamation Scheme
A Landmark Decision Integrating Multiple Yatra Entities to Streamline Operations and Enhance Business Efficiency
In a significant development, the National Company Law Tribunal (NCLT) Mumbai Bench has sanctioned the Scheme of Amalgamation involving Yatra TG Stays Private Limited and several other Yatra entities with Yatra Online Limited. The decision, dated October 14, 2025, was delivered by the bench comprising Shri. Anil Raj Chellan and Shri. K. R. Saji Kumar.
The sanctioned scheme facilitates the amalgamation of Yatra TG Stays Private Limited, along with Yatra Hotel Solutions Private Limited, Yatra for Business Private Limited, Yatra Corporate Hotel Solutions Private Limited, Travel.Co.In Private Limited, and Yatra Online Freight Services Private Limited with Yatra Online Limited. This move is aimed at consolidating operations, reducing costs, and optimizing the corporate structure to enhance efficiencies.
The Board of Directors of all involved entities had previously approved the amalgamation scheme in their meetings held on August 12, 2024. Notably, the scheme did not face any objections from stakeholders or regulatory authorities, underscoring its acceptance and compliance with prevailing laws.
The NCLT observed that the scheme was fair and reasonable, aligning with the provisions of the Companies Act, 2013, and other statutory requirements, including compliance with the Income Tax Act, 1961. The tribunal also emphasized that the amalgamation would not contravene public policy or legal provisions.
The appointed date for the scheme was set as April 1, 2024. The tribunal has directed the applicant companies to file the certified copy of the order along with the scheme with the Registrar of Companies within 30 days. Additionally, they are required to provide the order to the Superintendent of Stamps for stamp duty adjudication within the same timeframe.
The scheme aims to integrate businesses, reduce operational costs, enhance efficiencies, and simplify the corporate structure. It is expected to generate synergies, streamline management, and facilitate more efficient utilization of resources, ultimately creating a consolidated base for future growth.
The NCLT's approval ensures that the Yatra group can proceed with its strategic business consolidation, promising positive outcomes for shareholders, employees, and other stakeholders. This decision marks a pivotal step in the evolution of Yatra Online Limited, positioning it for enhanced market competitiveness and operational excellence.
Bottom Line:
Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013 sanctioned by National Company Law Tribunal, Mumbai Bench. The scheme aims to integrate businesses, reduce operational costs, enhance efficiencies, and simplify corporate structure.
Statutory provision(s): Companies Act, 2013 Sections 230 to 232, Income Tax Act, 1961 Section 2(1B), Companies Act, 2013 Section 90, Companies (Significant Beneficial Owners) Rules, 2018.
Yatra TG Stays Private Limited (NCLT)(Mumbai Bench) : Law Finder Doc Id # 2795416
