Bhatia, hitting back at Gangwal, says ‘pan ki dukan’ doing well

NEW DELHI: Rahul Bhatia and Rakesh Gangwal, the two estranged promoters of IndiGo Airlines, took their escalating power battle to a new level on Friday.

The Bhatia-controlled InterGlobe Enterprises (IGE) Group—the parent company of the country’s largest airline—condemned Gangwal’s charges over issues related to governance and those involving the allegedly superior rights of the Bhatia-led group as compared with the Gangwal group in IndiGo.

“Corporate governance is not about levelling baseless charges. It is about ensuring that the company’s interests as also those of other stakeholders are protected and not harmed. Mr Gangwal fails to cite a single concrete example where any act or omission has resulted in any loss or damage to Indigo.