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IndiGo Parent Company InterGlobe Aviation Settles SEBI Case for Allegedly Violating Norms

IndiGo Parent Company InterGlobe Aviation Settles SEBI Case for Allegedly Violating Norms
Pending adjudication proceedings,Â InterGlobe AviationÂ 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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InterGlobe Aviation settles case with Sebi amid promoters' feud

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. ....

Rahul Bhatia , Rakesh Gangwal , Sebi High Powered Advisory Committee , Party Transactions Rpts , Interglobe Aviation , Adjudicating Officer , Show Cause Notice , High Powered Advisory Committee , Whole Time Members , Related Party Transactions , Red Herring Prospectus , Business News , Indigo Sebi Case , Indigo Case , ராகுல் பாட்டியா , ராகேஷ் கேங்வால் , இன்டர்லோப் விமான போக்குவரத்து , காட்டு காரணம் அறிவிப்பு , முழு நேரம் உறுப்பினர்கள் , தொடர்புடையது கட்சி பரிவர்த்தனைகள் , சிவப்பு ஹெர்ரிங் ப்ரோஸ்பெக்டஸ் , வணிக செய்தி , இண்டிகோ செபி வழக்கு , இண்டிகோ வழக்கு ,