IndiGo promoter dispute: 'Paan ki dukaan' has done well, says Bhatia

IndiGo promoter dispute: 'Paan ki dukaan' has done well, says Bhatia

Multiple related-party contracts between IndiGo and promoter Rahul Bhatia’s InterGlobe Enterprises have been questioned by co-promoter Rakesh Gangwal. In a sealed letter to market regulator Sebi, Gangwal has listed the agreements, accusing that they were entered without approval from the audit committee. Bhatia and Gangwal, who together founded IndiGo in 2005, are at loggerheads accusing each other of fraud.

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