Amid the open-for-all feud that has erupted between IndiGo’s two promoters Rakesh Gangwal and Rahul Bhatia, CEO Ronojoy Dutta is trying to assuage employee fears by saying that the “difference of opinion” between its promoters will not hamper the airline’s functioning. He also said that the issue will be sorted eventually. However, if Gangwal’s accusatory letter is to be believed, the matter is now not in the hands of either of them and is far from getting sorted. In a 14-page letter to capital markets regulator SEBI, IndiGo’s Rakesh Gangwal has raised serious concerns with the governance at the company; his primary concern being the excess control that IndiGo’s parent company InterGlobe exercises over crucial decisions in the airline. On Bhatia’s part, he denied the accusations and instead blamed Gangwal for trying to dilute the rights of InterGlobe.
Rakesh Gangwal went to the extent of saying that “paan ki dukaan” would have handled the matters with more grace. He also flagged concerns with Related Party Transfers (RPT) and their credibility. Previously, IndiGo CEO Ronojoy Dutta had explained the issue as
