Indigo Promoter Feud: Rahul Bhatia, IGE File For Arbitration In London Court Against Rakesh Gangwal
IndiGo co-founder Rahul Bhatia and his IGE Group have submitted a request for arbitration in the London Court of International Arbitration against partner Rakesh Gangwal on issues of compliance with the shareholders’ agreement and articles of association in the company.
No relief has been sought against the company, IndiGo said in a statement to the exchanges.
The company has been named as a necessary and proper party to the arbitration. However, presently, no monetary claim, including any compensation or penalty, has been sought against the company.