The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
IndiGo promoter Rakesh Gangwal has written a letter to markets regulator Sebi flagging governance issues at the company and has accused fellow co-founder Rahul Bhatia and his firms of indulging in questionable related-party transactions.
'It is nobody's contention that uncomfortable questions regarding national security should not be raised. But that is a topic for another day and another time when the immediate threat has faded,' argues Vivek Gumaste.
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
The World Meteorological Organisation/Economic and Social Commission for Asia and the Pacific Panel on Tropical Cyclones, at its twenty-seventh session held in 2000 in Muscat, Oman, agreed to assign names to the tropical cyclones in the Bay of Bengal and Arabian Sea.
The Citizenship Amendment Bill would possibly be the first piece of legislation that is perniciously discriminatory on the basis of religion/faith, says Mohammad Sajjad.
Summary of sports events and persons who made news on Tuesday
Yechury recounted the non-violent traditions of the country citing the Maurya Empire's acceptance of the Buddhist philosophy.
The strong field at this week's World Golf Championships features 27 of the top 30 golfers in the world rankings, including past champions Dustin Johnson and Patrick Reed.
'The last time I met him will be one I will always cherish. It was in February this year.' 'I was asked to give him the Filmfare Lifetime Achievement Award and was warned he was frail and uncommunicative.' 'I approached him with some trepidation, but was delighted to find that not only did he recognise me, he also hugged me warmly and showered much affection,' Shabana Azmi tells Subhash K Jha.
'The velocity of the market correction in September was so fierce that 9 stocks declined for every one that advanced,' reveals Samie Modak.
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
'As of now, this one move seems to have precariously altered the balance of forces on the volatile ground, between separatists and the mainstream. 'The landscape today presents a fearsome picture of the future of mainstream politics in Kashmir. 'Conversely, the separatist ideology looks to have got an unearned boost,' points out Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs
The Union minister said this is not a time for India to test an anarchic kind of combination when it is on the growth path.
Barely a month after breaking covers, the models -- the Jawa, the Jawa 42 and the Perak -- were sold out, reports Shally Seth Mohile.
E-proceeding of tax scrutiny has certain technical and practical issues which need to be addressed before making the system fully electronically driven.
American writer Gary Janetti imagines Prince George as a mean Shakespearean character.
'No one would be allowed to impure the stream of justice,' declared the top court.
IndiGo's situation points to a deeper malaise where skill shortage can challenge India's status as the fastest-growing aviation market, say experts.
'They should have spoken to the Sterlite protestors when they were sitting in the villages. They should not have waited for them to come to Tuticorin.' What started off as a lone village grumbling about ground water pollution on Tuesday turned into a battlefield. What thus started off as a lone village grumbling about ground water pollution on Tuesday finally turned into a battle field. A Ganesh Nadar reports.
Summary of sports events and persons who made news on Thursday
'The JD-U and RLSP will have to listen to whatever Amit Shah says.' 'The BJP has so much power that he will snub either of the two parties.'
A summary of sports events and persons who made news on Friday
He said he hoped a day would come when people would move freely across the Line of Control.
Haas, a six-time PGA Tour winner, was scheduled to play in the Genesis Open at the Riviera Country Club in Pacific Palisades that begins Thursday, but will withdraw to recover at his home in Greenville, South Carolina, his manager said.
'The cases on hand have no genesis in the act of terrorism or waging war against the state,' the court said.
Spyder is a classic tale of good versus evil that works on the strength of its dynamic hero and intimidating villain, says Sukanya Verma.
No wonder she's called the 'Queen of the Dark'.
'How do you expect me to tone down my anger when the most prominent culture in India today is the culture of corruption, in every sphere of life?'
In this excerpt from a conversation with Samik Bandopadhyay, Mrinalda discusses three legendary actors he has worked with.
A summary of sports events and persons who made news on Friday.
Mohammad Sajjad profiles Professor Riazur Rahman Sherwani, 94, versatile mind, intrepid intellectual.
The committee has flagged decisions including the allotment of land to the Aam Aadmi Party for its party office, appointment of Minister Satyendra Jain's daughter as "mission director" of Delhi State Health Mission and a number of purported AAP functionaries as "advisors".
On February 23, Ambedkar University and an NGO Women Against Sexual Violence and State Repression were to organise an event to observe the Kashmiri Women's Day of Resistance on the 26th anniversary of the alleged mass sexual violence unleashed by the army against the villagers of Kunan and Poshpora in Kashmir.
Gurmehar Kaur, daughter of Kargil martyr Captain Mandeep Singh, changed her Facebook profile picture holding a placard which read "I am a student from Delhi University. I am not afraid of ABVP. I am not alone. Every student of India is with me. #StudentsAgainstABVP".
After Ramjas College witnessed large-scale violence over a seminar, SGTB Khalsa College has decided to postpone a street-play competition till peace and normalcy returned to North Campus of Delhi University.
Tiger Woods will not compete in two scheduled upcoming PGA Tour events due to nagging back spasms that forced him to pull out of an event in Dubai last week, the former world number one said on Friday.
'Fashion brands that have leading stars as brand ambassadors spend a fortune on showcasing them.'
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