Mumbai: Budget airline IndiGo on Tuesday said that one of its promoters, InterGlobe Enterprises (IGE) and Rahul Bhatia, have approached the London Court of International Arbitration to settle a dispute with another promoter Rakesh Gangwal under the shareholders’ agreement.
According to a BSE filing, IndiGo said that it has been named as a respondent “as it is a party to the shareholders’ agreement”.
“We hereby inform you that InterGlobe Enterprises Private Limited and Rahul Bhatia, as claimants, have submitted a Request for Arbitration dated October 1, 2019, to the London Court of International Arbitration under the shareholders agreement dated April 23, 2015 executed between, inter-alia, the IGE Group, Rakesh Gangwal, The Chinkerpoo Family Trust, Shobha Gangwal and InterGlobe Aviation Limited,” the company said in a regulatory filing.
“The IGE Group and the RG Group are promoters of the company. The company has been named as a respondent as it is a party to the shareholders’ agreement.”
