Sunday, September 20, 2020
Home BUSINESS Indigo Chief Finance Officer Rohit Philip Resigns

Indigo Chief Finance Officer Rohit Philip Resigns

Indigo Chief Finance Officer Rohit Philip resigns, Aditya Pandey will take charge from September 16.
Rohit Philip, chief finance officer of IndiGo, the country’s largest airline, has resigned. The company gave this information on Friday. IndiGo parent company Inter Globe Aviation said in a briefing to the stock markets that they will be replaced by Aditya Pandey. He will take up his term on 16 September. Philip’s resignation will take effect from 15 September.

Letter to SEBI

A letter to SEBI is under dispute between the two founders of Indigo Airlines, Rakesh Gangwal A and Rahul Bhatia. Gangwal had written a letter to the Securities and Exchange Board of India (SEBI) in July this year, urging the regulator to intervene, referring to the flaws in the company’s operations. However, the Bhatia group rejected his allegations.

In the letter to SEBI, Gangwal had mentioned a number of issues. These include the issue of various related party transactions (RPTs) with Indiglobe Enterprises of IndiGo’s Bhatia Group company. Gangwal alleged that the RPT was executed without the approval of the Audit Committee and without seeking competitive bidding from third parties.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Enhancing The Pros Of Startups In a Mature Organization

Risk, innovations, creativity, experiments and hard work- What is the first thing that comes in your mind after reading these words? A startup or...

5 keys to Entrepreneurial Success in 2020

Entrepreneurial success demands for all-around active participation of entrepreneurs. For entrepreneurial success in the year 2020, one should know that hard work is the...

After Jio Fiber Airtel Launches Airtel Xstream Box at Just Rate 3999

To compete with JioFiber, Bharti Airtel has launched Airtel Xstream Fiber. Airtel extreme fiber users will get unlimited broadband at a speed of 1Gbps...

Know About Different Business Ideas For Successful Business

If your dream is to be free to choose where, when and how to work, this post is for you! Discover 30 booming businesses...

Recent Comments