New Delhi: The fragile truce between the two feuding co-founders of IndiGo, India’s largest airline, appears to be all but broken, with Rakesh Gangwal, one of them, seeking intervention from the markets regulator on a number of contentious issues.
Days after InterGlobe Aviation Ltd’s chief executive Ronojoy Dutta claimed that the dispute between Rahul Bhatia and Gangwal was resolved, Gangwal wrote to Securities and Exchange Board of India (Sebi) on 30 August, seeking directions on issues ranging from related-party transactions (RPTs) and chairman M. Damodaran’s conduct to curbing Bhatia’s InterGlobe Enterprises Group’s (IGE’s) “unusual controlling rights”.
