The rift between the promoters of IndiGo could snowball into a legal spat with strong disagreements emerging on the way forward for the airline.
According to experts familiar with corporate disputes, the case could end up at the National Company Law Tribunal (NCLT) if the dispute is about the shareholders’ agreement or related to corporate governance issues.
“The details of the dispute are not known but, in the past, disputes between two large shareholders have always reached the courts. Usually, disagreements are sorted out at the board level, but if the two promoters have engaged law firms to iron out their differences, then it must be serious. It happened in the Tata-Mistry case and also recently in the dispute between the Kirloskar brothers,” said a corporate lawyer.
