IndiGo co-founder Rakesh Gangwal says feud with Rahul Bhatia still unresolved

BENGALURU: A co-founder of India’s biggest airline IndiGo, Rakesh Gangwal, said reports that a truce had been brokered between him and another co-founder Rahul Bhatia over disagreements on corporate governance were “false and misleading.”

In a letter dated Aug. 5, Gangwal told the board of IndiGo’s parent InterGlobe Aviation Ltd that issues between him and Bhatia remained unresolved.

Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for India’s securities regulator to intervene.