IndiGo promoters' feud: Rahul Bhatia files petitions in US seeking evidence

InterGlobe Enterprises and Rahul Bhatia have moved a petition in a Florida court against Rakesh Gangwal and another one in the District Court of Maryland against independent director Anupam Khanna.

Published: 18th October 2019 10:17 PM  |   Last Updated: 18th October 2019 10:17 PM   |  A+A-


File Image of an Indigo Aircraft for representational purposes. (Photo | Reuters)


NEW DELHI: In deepening rift between IndiGo promoters, Rahul Bhatia has filed petitions in US courts seeking evidence from Rakesh Gangwal and InterGlobe Aviation's independent director Anupam Khanna.

InterGlobe Aviation is the parent of the country's largest airline IndiGo. The differences between Bhatia and Gangwal came to the fore in July after Gangwal sought market regulator SEBI's intervention to address alleged corporate governance lapses at the company.

InterGlobe Enterprises and Rahul Bhatia have moved a petition in the District Court of Florida against Gangwal and another one in the District Court of Maryland against Khanna. According to the petitions, proceedings have been brought to obtain evidence from both individuals for "use in foreign proceedings".

ALSO READ| Indigo promoters' dispute: InterGlobe Aviation board to meet on October 24

InterGlobe Enterprises and Bhatia initiated arbitration proceedings in London. Queries sent to InterGlobe Enterprises and Rahul Bhatia remained unanswered. Gangwal and Khanna could not be immediately reached for comments.

On October 1, InterGlobe Enterprises and Bhatia sought arbitration proceedings under the shareholders' agreement, dated April 23, 2015. The pact was amended on September 17, 2015.

The agreement was executed between Bhatia's InterGlobe Enterprises Group (IGE Group), Gangwal, the Chinkerpoo Family Trust, Shobha Gangwal -- the RG Group -- and InterGlobe Aviation. Under the US law, district courts are authorised to order persons found or residing in their district to provide evidence in support of foreign proceedings.

SEBI and the corporate affairs ministry are already looking into allegations of governance lapses and violations at InterGlobe Aviation in the wake of the feud between the promoters. The board of InterGlobe Aviation is scheduled to meet on October 24 to consider financial results for the three months ended September.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp