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Interglobe Aviation, the company that operates India’s largest airline IndiGo, has settled pending dispute with market regulator Securities and Exchange Board of India (Sebi) by agreeing to settlement charges of Rs 2.1 crore.
The matter pertains to alleged violation of disclosure norms pertaining to related party transactions (RPTs) between the company and IGE Group, controlled by co-founder Rahul Bhatia.
In May 2020, Sebi appointed an officer to look into complaints filed by another co-founder Rakesh Gangwal. He alleged several violations of corporate governance norms, RPT
