InterGlobe Aviation’s management sought to assure shareholders that the issue of related-party transactions at the operator of IndiGo airline wasn’t as serious as it was made out to be by co-promoter Rakesh Gangwal. At the first annual general meeting (AGM) after the differences between the promoters, spilled over into the public domain, the management said related-party transactions constituted less than 1% of revenue and the company had maintained an arm’s length on the deals. 
Gangwal had alleged that IndiGo was getting into high-value related-party transactions (RPTs) with InterGlobe Enterprises, a company owned by the Bhatia family. He had also talked about the existence of a whistleblower plaint over corporate governance at the airline operator.