IndiGo crisis: InterGlobe Aviation board meet today amid protestors spat
The board of Interglobe Aviation, which runs IndiGo, is set to meet on Friday amid a bitter feud between promoters Rakesh Gangwal and Rahul Bhatia over control of the country’s largest domestic carrier. The meet is expected to be a stormy affair with Gangwal, who has raised issues of corporate governance violations by the board, being present at the meeting.
According to sources, the board could discuss expanding its composition and including a woman independent director, a mandatory requirement as per the Sebi norms, when it meets to approve results for the April-June quarter.
The board, headed by former Sebi chairman M Damodaran, is likely to quiz Gangwal on his allegations of corporate governance lapses by Bhatia and Interglobe Enterprises, controlled by him.
