India’s largest airline by market share IndiGo is headed for the National Company Law Tribunal (NCLT) for resolving deep fissures that have surfaced between major shareholders Rahul Bhatia and Rakesh Gangwal who along with other promoter entities hold about 75% in InterGlobe Aviation Ltd., the listed company that runs the airline.
Bhatia and Gangwal have hired law firms JSA Law and Khaitan & Co, respectively, for dispute resolution, The Times of India reported on Thursday. There has been no word on the nature of the differences.
In a response to an emailed query from Mint, IndiGo said the company has not made any statement on the subject yet but did not rule out the possibility of one in due course. Read More