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InterGlobe boardroom fight goes to Florida court, Bhatia challenges Gangwal

Bhatia said that was a breach of the shareholders agreement (SHA), which was agreed between him and Gangwal in 2015

Rakesh Gangwal, Rahul Bhatia
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Illustration by Ajay Mohanty

Arindam Majumder New Delhi
IndiGo promoter Rahul Bhatia has sought the intervention of district court of Florida in its proceedings at the London Court of International Arbitration (LCIA) against co-promoter Rakesh Gangwal.

Bhatia had moved LCIA seeking monetary damages saying that Gangwal had breached terms of shareholders agreement and Article of Association of the company. In a similar litigation, Bhatia has sought intervention of the Maryland district court to direct independent director Anupam Khanna's testimony in the arbitration proceedings.

Gangwal and Khanna are residents of Florida and Maryland, respectively. In the two petitions, Bhatia has sought that the courts issue subpoena to Gangwal and Khanna to
Topics : IndiGo

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