{"id":399818,"date":"2021-02-10T11:03:32","date_gmt":"2021-02-10T05:33:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399818"},"modified":"2021-02-10T11:26:10","modified_gmt":"2021-02-10T05:56:10","slug":"interglobe-aviation-pays-%e2%82%b92-10-crore-to-sebi-to-settle-alleged-violation-of-norms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/interglobe-aviation-pays-%e2%82%b92-10-crore-to-sebi-to-settle-alleged-violation-of-norms\/","title":{"rendered":"InterGlobe Aviation pays \u20b92.10 crore to SEBI to settle alleged violation of norms"},"content":{"rendered":"<p>InterGlobe Aviation Ltd has settled a case with the Securities and Exchange Board of India involving alleged violation of corporate governance norms raised by its co-founder and director Rakesh Gangwal. The company paid \u20b92.10 crore to the regulator. The company settled the matter &#8220;without admitting or denying any violation on its part,&#8221; by paying a settlement charge of \u20b92.1 crore, according to a SEBI order, reported PTI. The watchdog initiated an investigation against the airlines after it had received several complaints from Rakesh Gangwal alleging several violations.<\/p>\n<p>SEBI disposed of the proceedings against InterGlobe Aviation, reported Reuters.<\/p>\n<p>In July, 2019, Gangwal wrote to SEBI seeking its intervention to address corporate governance issues. Flagging concerns about certain questionable related party transactions, he had said shareholders&#8217; agreement provides co-promoter Rahul Bhatia unusual controlling rights over IndiGo. Bhatia camp had rejected the allegations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation Ltd has settled a case with the Securities and Exchange Board of India involving alleged violation of corporate governance norms raised by its co-founder and director Rakesh Gangwal. The company paid \u20b92.10 crore to the regulator. The company settled the matter &#8220;without admitting or denying any violation on its part,&#8221; by paying a settlement charge of \u20b92.1 crore, according to a SEBI order, reported PTI. The watchdog initiated an investigation against the airlines after it had received several complaints from Rakesh Gangwal alleging several violations. SEBI disposed of the proceedings against InterGlobe Aviation, reported Reuters. In July, 2019, [&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-399818","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\/399818","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=399818"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399818\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}