IndiGo cofounder Rahul Bhatia takes partner Rakesh Gangwal to court in Florida
MUMBAI: IndiGoNSE 0.51 % cofounder Rahul Bhatia has filed a case against his fellow promoter Rakesh Gangwal in Florida, seeking information related to Gangwal allegedly breaching the latest shareholders’ agreement signed between the two partners.
According to the application for the case filed in a district court of Florida, the “documents and testimony” obtained from Gangwal will be used in a case Bhatia has separately filed on the alleged shareholder agreement (SHA) breach in the London Court of International Arbitration (LCIA), India.
“Petitioners seek to obtain documents and testimony related to breaches by Gangwal and/or the other members of the RG Group (owned by Rakesh Gangwal and affiliates) of the Second SHA and their obligations to perform the Second SHA in good faith under Indian law,” it said.
