- Recently, promoter Rakesh Gangwal said that the Pan shop also runs better.
- Gangwal accused co-founder Rahul Bhatia of disturbances
- DGCA issues notice to Indigo officials on lack of security standards
New Delhi The ongoing dispute between the promoters of the Indigo airline took a new turn on Friday. The statement issued by Rahul Bhatia Group said that the company is in good condition. All operations are being operated better in the supervision of good managers.
In fact, on Tuesday, promoter of the company, Rakesh Gangwal (66), had accused of serious disturbances (governance lapses) on co-founder Rahul Bhatia (58). Gangwal had said that the company has deviated from its principles and operational values. A paan shop can solve cases better than this.
Indigo country’s largest airline – report
In response to this, Bhatia said that the Pan shop has done a good job. IndiGo is the largest airline in the country according to the report. In 2004, Rakesh Gangwal and Rahul Bhatia established it. Flight started on August 4, 2006.
Work will not be affected – CEO
CEO Ronjoy Dutta wrote letters to employees on Wednesday. He said- The dispute of promoters will be solved sometime. But, I want to make it clear that this will not affect the airline’s mission and functioning. Keep your work in normal way.
DGCA gave notice to executives
The Special Audit team of Directorate General of Civil Aviation (DGCA) inspected the office of Gurigram of Indigo on July 8-9. According to sources, the DGCA issued notices to airline executives on Friday. These included Training Chief Capt. Sanjeev Bhalla, Flight Safety Chief Captain Hemant Kumar, Senior Vice President-Operation Captain Ashim Mitra and Captain Rakesh Shrivastav.
Laws are not being followed: Gangwal
On the issue of some relatable party transactions (RPT), Gangwal said that Bhatia has got an unusual control over IndiGo from the shareholders’ agreement. The rules and laws related to operating are not being followed. Immediately effective steps will not be taken, the results will be unfortunate.
Gangwal had written a letter to IndiGo’s board demanding EGM on June 12 but, Bhatia had opposed the proposal. Bhatia had told the company’s board that Gangwal was doing such things because of being ego-hearted. Their unrealistic demands should not be ignored.
In a letter written on June 12, Bhatia alleged that Gangwal was working with the Hidden Agenda. They offered a package. They are not ready to talk differently on the issue of relatable party transactions. Tell Rakesh Gangwal of IndiGo 37% and Rahul Bhatia 38% stake.