Even as a dispute rages by the day with letter-bombs being dropped by the warring promoters, IndiGo co-promoter Rahul Bhatia is unlikely to budge from his position and agree to dilute airline’s control structure that gives him right to nominate Chairman, CEO and other management personnel.
Sources told IANS that Bhatia was ready for scrutiny of company books by any government agency as there are no deficiencies in its functioning from Company law perspective.
“The issues pertaining to related-party transactions (RPTs) and corporate governance have been raised. On pretext of this, one promoter wants to change the governance structure. But Rahul Bhatia is not going to yield,” the executive said. Read more