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IndiGo's Gangwal Moves Court To Enforce Arbitral Award, Remove Transfer Restrictions On Shares: Exclusive
The battle between IndiGo's founders, Rakesh Gangwal and Rahul Bhatia now in the Delhi High Court.
08 Oct 2021, 02:36 PM IST
Rakesh Gangwal, co-promoter of InterGlobe Aviation Ltd., the publicly listed parent of IndiGo, has moved the Delhi High Court to seek enforcement of an arbitral award in his shareholder dispute with co-promoter Rahul Bhatia.While the move is pre-emptive it could also determine whether the two-year-long dispute between the founders will close amicably or fester further. The petition's success may also decide the future ownership of In...
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