In late 2021, Surabhi Srinivas and her husband Bola Vedvyas Shenoy, residents of Byappanahalli, decided to embark on a holiday to Port Blair in the Andaman and Nicobar Islands.
InterGlobe Aviation settles case with Sebi amid promoters feud
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InterGlobe Aviation settles case with Sebi amid promoters feud
PTI / Feb 9, 2021, 21:45 IST
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(Representative image)
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.
The order comes more than a year after InterGlobe Aviation s co-promoter Gangwal alleged corporate governance lapses at the company. Gangwal and co-promoter Rahul Bhatia have differences over certain corporate governance matters. Bhatia camp had rejected the allegations.