The government has sought explanations from InterGlobe Aviation on the allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal. InterGlobe Aviation is the parent of IndiGo, the country’s No. 1 airline.
The board of the airline is meeting on Friday to discuss the quarterly results. The board is also likely to discuss differences with the promoters on corporate governance.
In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the complaint.
The Registrar of Companies (RoC), National Capital Territory of Delhi & Haryana, has sought “certain information/explanations” in relation to Gangwal’s complaint.
