Indigo co-founder called the news of truce 'false'
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According to the reports a truce had been brokered between the Indigo co-founders Rakesh Gangwal and Rahul Bhatia over disagreements on corporate governance. However, in a letter dated August 5, Gangwal informed the board that the issues between the two co-founders are still unresolved and the reports about the truce were untrue. Last month, Gangwal alleged violations of corporate governance rules at InterGlobe.