The fight between Rahul Bhatia and Rakesh Gangwal, the co-promoters of InterGlobe Aviation which runs low-cost carrier IndiGo, refuses to die, even though the company’s annual general meeting (AGM) on August 27 sailed through peacefully with all resolutions passed by majority of shareholders. At the AGM, Bhatia had exuded hope for truce ahead saying, “I hope Gangwal’s actions will speak louder than his words”.
However, all such hopes got belied when on Wednesday news surfaced that Gangwal has fired yet another missive to the Securities and Exchange Board of India (Sebi) on August 30 — just three days after the AGM.
