IndiGo promoter feud: Rahul Bhatia seeks arbitration against Rakesh Gangwal

IndiGo promoters — InterGlobe Enterprises and Rahul Bhatia — have sought arbitration proceedings in London against the backdrop of differences with co-promoter Rakesh Gangwal.

In a filing to the stock exchanges on Tuesday, InterGlobe Aviation said the two entities have submitted a request for arbitration on October 1 to the London Court of International Arbitration.

InterGlobe Aviation is the parent of IndiGo, the country’s largest airline in terms of domestic market share.