IndiGo’s co-founder Rakesh Gangwal wants “higher standards” when the airline gets into related party transactions, a demand that is the bone of contention between him and business partner Rahul Bhatia, a top executive at the airline said Monday.
“The differences (between the two promoters) is that Mr Gangwal wants higher standards while following related party transactions,” the executive said on the condition of anonymity. “He wants an additional step.”
The two promoters were trying to resolve their differences, the executive said.