Now MCA seeks info from IndiGo over Gangwal's complaint

Mumbai, July 18 (IANS) The Corporate Affairs Ministry has sought "information or explanation" from budget carrier IndiGo pertaining to a complaint filed by the company's co-founder and director Rakesh Gangwal.

In a BSE regulatory filing, the company said: "... the company has received a communication from the Ministry of Corporate Affairs... requiring the company to furnish certain information or explanations pursuant to Section 206(4) of the Companies Act, 2013, in relation to complaint dated July 8, 2019 received from Rakesh Gangwal, co-founder and Director of the company."

"The company will respond to MCA within the prescribed period."

The development comes after market regulator SEBI sought a response from the carrier on the alleged grievances raised by Gangwal.

According to IndiGo's regulatory filing on July 9: "... we inform you that the Board of Directors of lnterGlobe Aviation Limited has received a letter dated July 8, 2019 from Rakesh Gangwal, the copy of which is already with the Stock Exchanges, informing the company that he has written a letter to the SEBI seeking regulatory intervention on his alleged grievances."

"SEBI has in the meantime asked the company to give its response to this letter by July 19, 2019, with which the company will comply," the regulatory filing made to the BSE said.



Source : ians

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