A single judge bench of the Delhi high court has reportedly rejected a plea by IndiGo co-promoter Rakesh Gangwal to enforce an arbitration award given by the London Court of International Arbitration. In October 2019, InterGlobe Enterprises (IGE) and Bhatia had sought arbitration proceedings against Gangwal, the Chinkerpoo Family Trust and Shobha Gangwal (RG Group). Recently, the London Court of International Arbitration had given the final arbitration award, and Gangwal moved the Delhi High Court to enforce the award. He had also raised questions about certain related party transactions (RPTs) between IndiGo and entities belonging to the IGE group. All these charges were rejected by the IGE group.

Source: The Telegraph October 08, 2021 20:12 UTC