IndiGo cofounder Rakesh Gangwal has sought rejection of partner Rahul Bhatia’s application in a US court, for retrieving documents to be used in a separate case he filed against Gangwal on alleged violation of a shareholders’ agreement between the two.
Bhatia has moved the London Court of International Arbitration (LCIA) in New Delhi on October 1 in his allegations of Gangwal’s breach of the contract. He then approached the southern district court of Florida, seeking “to obtain documents and testimony related” to Gangwal’s alleged breach.
In his response to this application in the US, Gangwal’s attorneys said the law invoked in the filing of the application “does not apply to private commercial arbitrations”, like the alleged shareholder agreement breach. ET has seen a copy of his response. Read More