IndiGo founders seek safe landing amid row

MUMBAI/NEW DELHI: Rakesh Gangwal and Rahul Bhatia, the founders of IndiGo, have hired law firms to pre-empt their differences over a shareholders’ agreement from snowballing into a long legal battle for control of India’s largest domestic airline, three people familiar with the matter said.

The shareholders’ agreement of IndiGo’s operator, InterGlobe Aviation Ltd, which expires later this year has emerged as one of the causes for the differences between Gangwal and Bhatia, the people said, requesting anonymity.

“Both sides are trying to defuse the situation and have roped in Haigreve Khaitan and Jyoti Sagar, founders of law firms Khaitan & Co. and J Sagar Associates, who will personally advise Gangwal and Bhatia to set aside their differences which have existed for a few years now,” one of the three people cited above said.