'Paan Ki Dukaan has apparently done well and continues to do well; it is financially sound; it is well run and managed by a competent set of managers.' Indigo Airways promoter and co-founder Rahul Bhatia said in a statement.
The differences within India's largest airline have been brewing from the past one year but they took a nasty turn after promoter Rakesh Gangwal has reached out to market regulator Sebi to intervene and settle the matter.
Hole-in-the-wall accountants, Tier-2 CA firms and the Big Four—all share a professional DNA of trickery. From there, it’s a tiny step to fraud. In the case of foreign firms, their very presence in India hinges on that.