IndiGo promoter dispute: Rahul Bhatia files arbitration request against Rakesh Gangwal in London
Updated : October 02, 2019 03:09 PM IST
The promoter rift at IndiGo has now reached London as co-founder Rahul Bhatia has submitted an arbitration request in relation to the differences between the two promoters on shareholders' agreement and articles of association.
While Bhatia and his group InterGlobe Enterprises Private Limited are claimants, Rakesh Gangwal, his wife Shobha Gangwal and their associated entity—the Chinkerpoo Family Trust—and IndiGo have been named as the respondents.
The differences between the two promoters of IndiGo came out in the public eye in July when Gangwal wrote a letter to Sebi.
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