{"id":282725,"date":"2019-07-17T06:26:58","date_gmt":"2019-07-17T06:26:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282725"},"modified":"2019-07-17T06:26:58","modified_gmt":"2019-07-17T06:26:58","slug":"respond-to-gangwals-charges-in-%e2%80%8athree-weeks%e2%80%8a-mca-tells-interglobe-aviation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/respond-to-gangwals-charges-in-%e2%80%8athree-weeks%e2%80%8a-mca-tells-interglobe-aviation\/","title":{"rendered":"Respond to Gangwal\u2019s charges in \u200athree weeks,\u200a MCA tells InterGlobe Aviation"},"content":{"rendered":"<p>New Delhi: The ministry of corporate affairs (MCA) has written to InterGlobe Aviation Ltd to respond to all the charges of corporate governance lapses raised by its co-founder Rakesh Gangwal, said a person privy to the development.<\/p>\n<p>The ministry is also looking into whether the shareholder agreement between Gangwal and co-founder Rahul Bhatia is in line with the Companies Act. If not, the shareholder agreement will become void. \u201cYou cannot circumvent the law with an agreement. The company has been asked to give its comments. The government gives companies 2-3 weeks to respond in such cases,&#8221; the person said on condition of anonymity.<\/p>\n<p>The feud between the two founders of India\u2019s largest airline could potentially impede IndiGo\u2019s plan to take advantage of the grounding of Jet Airways (India) Ltd to expand overseas and further increase its market share in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The ministry of corporate affairs (MCA) has written to InterGlobe Aviation Ltd to respond to all the charges of corporate governance lapses raised by its co-founder Rakesh Gangwal, said a person privy to the development. The ministry is also looking into whether the shareholder agreement between Gangwal and co-founder Rahul Bhatia is in line with the Companies Act. If not, the shareholder agreement will become void. \u201cYou cannot circumvent the law with an agreement. The company has been asked to give its comments. The government gives companies 2-3 weeks to respond in such cases,&#8221; the person said on [&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-282725","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\/282725","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=282725"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282725\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}