InterGlobe Aviation board meet on Friday amid promoter spat

NEW DELHI: Under the cloud of sparring promoters, InterGlobe Aviation board is scheduled to meet on Friday to consider quarterly financial results and is also likely to discuss differences between the promoters over corporate governance matters.

Bringing the differences between him and Rahul Bhatia that have been simmering for nearly a year into the open, co-founder and promoter Rakesh Gangwal has alleged corporate governance lapses — a development that brought InterGlobe Aviation under regulatory scanner.

The company, parent of the country’s largest airline IndiGo, has told the stock exchanges that its board would meet on July 19 to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, subject to a limited review by the statutory auditors.