NEW DELHI: In the ongoing spat between the promoters of Indigo, Rahul Bhatia-led InterGlobe Enterprises (IGE) may have the upper hand over Rakesh Gangwal as IGE is in the driver’s seat in running the airline, says a legal expert.
“Being a listed entity, IndiGo is expected to have proper checks and balances on related party transactions, one of the prime reasons for the spat.
The fact that IGE, according to the terms of the contract, operates the airline and the fact that the airline is running well makes IGE’s case strong,” said Mukesh Jain, well-known corporate counsel and founder of Mukesh Jain & Associates.
