As IndiGo promoters lock horns, here’s why ‘pan ki dukaan’ is making headlines

Even as IndiGo spat deepens with the government asking SEBI to probe the role of all board members and every entity linked to promoters’ groups, ‘pan ki dukaan’ (betel shop) is making headlines for some interesting reason. It all started when one of the warring partners and airline co-founder Rakesh Gangwal, who holds 37 per cent in IndiGo, complained to the capital markets regulator SEBI over questionable corporate governance practices, alleging that even a `paan ki dukaan’ would have handled things better. He levelled charges against the other Rahul Bhatia, co-promoter and holder of 38 per cent shareholding in the airline, questioning multiple related-party contracts between IndiGo and latter’s InterGlobe Enterprises.