Govt seeks explanation from IndiGo on issues raised by Rakesh Gangwal

The government has sought explanations from InterGlobe Aviation (IndiGo’s parent firm), on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal.

In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the complaint.

The Registrar of Companies (RoC), National Capital Territory of Delhi & Haryana has sought “certain information/explanations” in relation to Gangwal’s complaint.

“The company will respond to MCA within the prescribed period,” the filing said.

Explanations have been sought under Section 206(4) of the Companies Act, 2013.