 "Rakesh Gangwal, Rahul Bhatia, IndiGo promoters")
Rahul Bhatia, promoter of IndiGo, is expected to use Tuesday’s annual general meeting (AGM) as a show of strength to assure minority shareholders that all was well with the country’s largest airline. This follows recent allegations of poor governance standards by co-promoter Rakesh Gangwal, who had compared IndiGo with a paan ki dukaan (betel shop). Gangwal, who lives in the US, will not be present at the meeting being held in New Delhi. At the AGM, IndiGo, through an ordinary resolution, will seek reappointment of M Damodaran as chairman of the company’s board for another five years.
While Gangwal may
