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IndiGo says no direction to company in arbitration award related to promoters' feud
IndiGo says no direction to company in arbitration award related to promoters' feud
New Delhi: The London Court of International Arbitration has given the final arbitration award in the matter related to the spat between IndiGo promoters, Rahul Bhatia and Rakesh Gangwal, and no directions have been issued to InterGlobe Aviation.
InterGlobe Aviation is the parent of the country's largest airline IndiGo. In a regulatory filing, InterGlobe Aviation said it is in receipt of the final arbitral award, dated September 23, issued in the arbitration proceedings wherein the company was also named as a respondent. The proceedings were initiated by InterGlobe Enterprises Ltd (IGE) and Bhatia against Gangwal, the Chinkerpoo Family Trust, and Shobha Gangwal (RG Group).
