Mumbai, Feb. 13 -- An 18-month public spat over control of Religare Enterprises Ltd (REL) finally ended on Thursday with the company confirming chairperson Rashmi Saluja's ouster and the appointment of an interim chairman in independent director Praveen Kumar Tripathi.

That, and US-based businessman Digvijay 'Danny' Gaekwad's failure to submit Rs.600 crore in an escrow account by 2 pm on Thursday-as directed by India's top court-effectively means the Burman family's open offer for the New Delhi-based financial services company stands firm.

India's central bank clarified to Religare in a letter on Thursday that Saluja cannot continue further as a director, the company informed the stock exchanges. The filing said Saluja would no longer s...