At Tuesday's AGM, neither Gangwal nor independent director Anupam Khanna were present. Both had raised questions about the company's corporate governance
In the letter, Gangwal has alleged that "the proposed (new) board structure created a large loophole that gives the IGE Group additional powers that they don't have today."
An official said the corporate affairs ministry would be seeking a "para-wise comments" from the company on Gangwal's complaint and would also be looking at the related party transactions
Spice Jet, if breaches Rs 110, then may see Rs 90 and Rs 84 in the near future