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Friday, 12 July 2019

Government to check Rakesh Gangwal, Rahul Bhatia shareholder pact

The government will examine the shareholder’s agreement (SHA) between IndiGo’s bitterly feuding promoters Rahul Bhatia and Rakesh Gangwal to see if the same is in accordance with provisions of the Companies Act. Over the last few days, Gangwal has flagged the issue with the government and alleged serious corporate mis-governance in the airline.

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