After Jet Airways went off radar in April, market leader IndiGo Airlines is now in the midst of a messy internecine battle. Rakesh Gangwal (36.68 per cent holding) has accused IndiGo’s other co-founder Rahul Bhatia (38.26 per cent) of violation of corporate governance norms including irregularities in related-party transactions.
It is critical that SEBI and the Corporate Affairs Ministry thoroughly investigate discomfiting questions being thrown up by the high-profile feud.
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It is critical that SEBI and the Corporate Affairs Ministry thoroughly investigate discomfiting questions being thrown up by the high-profile feud.
Read Business Line Editorial in full >>
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