Ebix rejects Yatra complaint, considers all options including counter suit

US-based software firm Ebix said on Monday it disagrees with online travel agency Yatra’s legal complaint against it, and added that it was “currently considering all options, including a countersuit against Yatra”.

Gurugram-based Yatra had said on Friday that it was going to terminate its pending merger agreement with Ebix, and had filed a case in the State of Delaware, US against Ebix for breach of the agreement.

Yatra had alleged that the complaint holds Ebix accountable for breaches of representations, warranties and covenants in the Merger Agreement and an ancillary extension agreement, and seeks substantial damages.