Terming co-founder Rakesh Gangwal’s allegations of governance lapses at InterGlobe Aviation as much ado about nothing, Rahul Bhatia’s group Friday said the company is well run, financially sound and managed by a competent set of managers.
Asserting that “pan ki dukaan” (betel shop) has apparently done well, InterGlobe Enterprises said there was no abuse of rights and Gangwal’s proposal for convening an Extraordinary General Meeting (EGM) was rejected on the basis of a legal opinion obtained by the board of InterGlobe Aviation.
In the notice for proposed EGM, Gangwal had said that events go “far beyond just poor governance and even a “paan ki dukaan would have handled these matters with more grace”.
