{"id":281524,"date":"2019-07-11T05:32:55","date_gmt":"2019-07-11T05:32:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281524"},"modified":"2019-07-11T05:32:55","modified_gmt":"2019-07-11T05:32:55","slug":"what-put-the-co-pilots-on-a-collision-course","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-put-the-co-pilots-on-a-collision-course\/","title":{"rendered":"What put the co-pilots on a collision course"},"content":{"rendered":"<p>MUMBAI: At the heart of the bitter feud between the two billionaire founders of InterGlobe Aviation Ltd are alleged lapses related to transactions entered into by India\u2019s largest airline with entities controlled by one of the two promoters, Rahul Bhatia.<\/p>\n<p>In his complaint to the markets regulator and the aviation ministry, co-founder Rakesh Gangwal did not pull any punches in terming the related-party transactions (RPTs) as contravening the company\u2019s code of governance. In the year ended 31 March 2018, InterGlobe\u2019s total reported RPTs were \u20b9332 crore, according to Mint\u2019s analysis of company disclosures. This climbed to \u20b9504 crore in the following year.<\/p>\n<p>\u201cAll RPTs have been executed on an arm\u2019s length basis and in the ordinary course of business,&#8221; said Bhatia in a statement on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: At the heart of the bitter feud between the two billionaire founders of InterGlobe Aviation Ltd are alleged lapses related to transactions entered into by India\u2019s largest airline with entities controlled by one of the two promoters, Rahul Bhatia. In his complaint to the markets regulator and the aviation ministry, co-founder Rakesh Gangwal did not pull any punches in terming the related-party transactions (RPTs) as contravening the company\u2019s code of governance. In the year ended 31 March 2018, InterGlobe\u2019s total reported RPTs were \u20b9332 crore, according to Mint\u2019s analysis of company disclosures. This climbed to \u20b9504 crore in the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-281524","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281524"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281524\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}