The feud between IndiGo’s founders has now reached the US courts, with co-founder Rahul Bhatia seeking a legal order from a Maryland court to retrieve correspondence from Indigo independent director Anupam Khanna. Bhatia has alleged that Khanna has been “acting in concert” with co-founder Rakesh Gangwal.
The “documentary and testimonial evidence”, specifically Khanna’s correspondence with Gangwal since July 2018, will be used in a separate case filed by Bhatia in the London Court of International Arbitration.
Bhatia has accused Gangwal of breaching the shareholders’ agreement between them and of causing losses to him by making the dispute between them public in July 2019. The Indigo shares fell 10.73% after the dispute broke in public, Bhatia has said. Further losses are expected to accrue as a result of Gangwal’s alleged misconduct, the petition said
The court has issued a subpoena to Khanna to produce the documents and also to allow a legal inspection of his premises.
Bhatia and IGE also filed a case against Gangwal in Florida’s Southern District Court, but the case was closed a day after it was filed. Reasons for the closure could not be ascertained immediately.
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✨Sorry, the ocean is calling 🌊🤷🏼♀️
Happy Friday my loves 💖
Last day at work for me before jumping into the weekend. 😄
Can’t wait to prepare my Appartement for the colder season and meet some friends for a coffee. ☕️ and since I am such an addict to sunshine, I’ve been thinking about leaving cold Germany for some time. ☀️ ...any recommendations? 🏖 👙 •
What are your plans this weekend? •
It’s a fact that your strength will offend some people. These are the ones who want to control & manipulate you & keep you bound! Don’t worry about them. They have no power over you! Only the Almighty does! Trust Him to take care of those who really need help. Remain steadfast!
.Double tap if you agree ❤
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