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IndiGo Parent Company InterGlobe Aviation Settles SEBI Case for Allegedly Violating Norms Pending adjudication proceedings, InterGlobe Aviation proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of fact and conclusions of law, through a settlement order. View of IndiGo flight. Photo: PTI Business10/Feb/2021 New Delhi: InterGlobe Aviation, the parent of the country’s largest airline IndiGo, has settled with SEBI a case of alleged corporate governance lapses and listing norms violations that were raised by the company’s co-promoter Rakesh Gangwal. The company has settled the matter “without admitting or denying any violation on its part,” by paying a settlement charge of Rs 2.1 crore, according to a SEBI order passed on Tuesday.

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