Bhatia had last month filed a case against co-founder Rakesh Gangwal in a Florida district court, seeking information on the violation of the shareholders' agreement signed between them in April 2015

Bhatia had filed another case against IndiGo Independent Director Anupam Khanna and Gangwal in a Maryland District Court in the US recently, alleging violation of the shareholders' agreement

IndiGo promoters' spat: Bhatia has filed a lawsuit against Gangwal and Khanna in Florida and Maryland courts to seek information regarding shareholders' agreement between IndiGO, IGE Enterprises, the Bhatia family and Gangwal

InterGlobe Aviation informed stock exchanges on Tuesday that Rahul Bhatia and his group InterGlobe Enterprises have submitted a request for arbitration on 1 October to the London Court of International Arbitration

IndiGo promoters' spat: Gangwal had early this month once again written to SEBI urging action on governance issues raised by him against Bhatia.

IndiGo tells stock exchanges that Gangwal's August-30 letter seeks directions to IGE Group regarding amendments in Articles of Association, related-party transactions, non-independence of current chairman M Damodaram, among others

Company's co-promoters Rakesh Gangwal and Rahul Bhatia have been engaged in a bitter tussle over the issues including corporate governance, questionable related party transactions and composition of the company's board

Gangwal had earlier said he would not support the special resolution at InterGlobe Aviation's AGM until the company board passed resolutions to stop Bhatia-led Interglobe Enterprises from getting more powers and formulate new related-party transactions policy

IndiGo promoters' spat: The board of directors of InterGlobe Aviation Ltd which runs IndiGo has given its approval to a new policy on related-party transaction (RPT) to increase the board size from 6 to 10 members.

In a deepening rift between InterGlobe Aviation promoters, Rakesh Gangwal has said there are \"serious unresolved issues\" and opposed expanding the board, just weeks ahead of the company's annual shareholders' meet.

In a strongly-worded letter to IndiGo's board, Rakesh Gangwal alleged that proposed 10-member board structure gives co-promoter Rahul Bhatia's IGE group additional powers that it does not have currently

Is the truce between the warring co-founders of IndiGo for real?

IndiGo Chairman M. Damodaran, played a key role in brokering peace between the co-promoters and several key decisions on board structure and related party transactions have been hashed out at the recent board meeting

As per the new policy, the airline would seek external advice for related party transactions worth over Rs 2 crore and the bidding process would be mandatory for any such contracts

The ministry's communication comes less than 10 days after Gangwal flagged concerns about corporate governance lapses at InterGlobe Aviation, especially certain related party transactions entered into by co-founder Rahul Bhatia's InterGlobe Enterprises (IGE) Group