Amid intensifying spat between IndiGo promoters, a senior official said the Ministry of Corporate Affairs will only look at whether allegations of governance lapses are a management dispute or violation of companies law.
Rakesh Gangwal and Rahul Bhatia — promoters of the country’s largest airline IndiGo — are fighting over corporate governance matters, with Gangwal seeking the intervention of markets regulator Sebi to address the issues.
The ministry, which is implementing the companies law, has sought information from InterGlobe Aviation — the parent of IndiGo — after Gangwal raised red flags in July.
“The only matter that the ministry will look at is whether any of the allegations hold water and if so, does it assume the shape of a management dispute or violation of companies law itself and impacts corporate governance,” Corporate Affairs Secretary Injeti Srinivas said.
