{"id":285254,"date":"2019-07-31T05:22:10","date_gmt":"2019-07-31T05:22:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285254"},"modified":"2019-07-31T05:22:10","modified_gmt":"2019-07-31T05:22:10","slug":"indigo-crisis-gangwal-says-provided-information-on-rpts-to-relevant-authorities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-crisis-gangwal-says-provided-information-on-rpts-to-relevant-authorities\/","title":{"rendered":"IndiGo crisis: Gangwal says provided information on RPTs to relevant authorities"},"content":{"rendered":"<p>MUMBAI: The feud between the promoters of the country&#8217;s largest domestic airline IndiGo has just intensified, with promoter Rakesh Gangwal on Tuesday stating that he has provided information on related party transactions (RPTs) between IndiGo and co-promoter Rahul Bhatia-controlled InterGlobe Enterprises (IGE) to the &#8216;relevant authorities&#8217;.<\/p>\n<p>Gangwal, had earlier in an 8 July letter, addressed to Sebi chairman Ajay Tyagi, alleged several violations at IndiGo including those pertaining to related-party transactions; appointment of senior management personnel, directors and the chairman, who has always been an independent director by convention.<\/p>\n<p>A source close to Rahul Bhatia had told Mint last week that there are no evidence to substantiate the allegations on related-party transactions between the airline and Bhatia-controlled IGE. Gangwal refuted this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The feud between the promoters of the country&#8217;s largest domestic airline IndiGo has just intensified, with promoter Rakesh Gangwal on Tuesday stating that he has provided information on related party transactions (RPTs) between IndiGo and co-promoter Rahul Bhatia-controlled InterGlobe Enterprises (IGE) to the &#8216;relevant authorities&#8217;. Gangwal, had earlier in an 8 July letter, addressed to Sebi chairman Ajay Tyagi, alleged several violations at IndiGo including those pertaining to related-party transactions; appointment of senior management personnel, directors and the chairman, who has always been an independent director by convention. A source close to Rahul Bhatia had told Mint last week [&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-285254","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\/285254","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=285254"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285254\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}