Daiichi-Ranbaxy case: Radha Soami chief claims in Delhi High Court don't owe money to Singh brothers

Radha Soami Satsang Beas (RSSB) head Gurinder Singh Dhillon and his family members on Friday approached the Delhi High Court saying they do not owe any money to RHC Holdings Pvt Ltd, promoted by Malvinder and Shivinder Singh

Press Trust of India October 11, 2019 18:11:17 IST
Daiichi-Ranbaxy case: Radha Soami chief claims in Delhi High Court don't owe money to Singh brothers
  • Radha Soami Satsang Beas (RSSB) head Gurinder Singh Dhillon and his family members on Friday approached the Delhi High Court saying they do not owe any money to RHC Holdings Pvt Ltd, promoted by Malvinder and Shivinder Singh

  • The Dhillons filed the application following the court's direction to deposit the amount due to RHC Holdings Pvt Ltd in connection with the execution of Rs 3,500-crore arbitral award won by Japanese pharma major Daiichi Sankyo against former promoters of Ranbaxy Laboratories Malvinder and Shivinder Singh

  • Dhillons told the court that RHC Holding has made false claims that they owe money to the company

New Delhi: Radha Soami Satsang Beas (RSSB) head Gurinder Singh Dhillon and his family members on Friday approached the Delhi High Court saying they do not owe any money to RHC Holdings Pvt Ltd, promoted by Malvinder and Shivinder Singh.

DaiichiRanbaxy case Radha Soami chief claims in Delhi High Court dont owe money to Singh brothers

File image of Shivinder Singh and Malvinder Singh. Pic courtesy - CNBC-TV18

The Dhillons filed the application following the court's direction to deposit the amount due to RHC Holdings Pvt Ltd in connection with the execution of Rs 3,500-crore arbitral award won by Japanese pharma major Daiichi Sankyo against former promoters of Ranbaxy Laboratories Malvinder and Shivinder Singh.

Dhillons told the court that RHC Holding has made false claims that they owe money to the company.

Justice J R Midha sought the response of RHC Holding, Singh brothers and Daiichi on the plea of Dhillons.

The court, in its September order, said the amount which 55 garnishees, including Dhillon family, owe to RHC Holdings should be deposited with the Registrar General of the Delhi High Court within 30 days. A garnishee order is an order against a third party for the recovery of debt or dues.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Bail for some, jail for others: Understanding the skewed reasoning of the apex court's judicial process
India

Bail for some, jail for others: Understanding the skewed reasoning of the apex court's judicial process

While it is encouraging that the grant of bail has been prioritised in some cases, a number of other journalists are languishing in prison, with the top court doing little about their plight

COVID-19 vaccine Covaxin phase-3 trial starts at AIIMS-Delhi; actively considering night curfew, AAP govt tells HC
India

COVID-19 vaccine Covaxin phase-3 trial starts at AIIMS-Delhi; actively considering night curfew, AAP govt tells HC

With 44,489 more testing positive in a day, India's coronavirus caseload on Thursday increased to 92,66,705 while the toll mounted to 1,35,223 with 524 new fatalities, said the Union health ministry.

WhiteHat Jr gets respite from court against Pradeep Poonia who accused it of malpractices, misleading ads
Business

WhiteHat Jr gets respite from court against Pradeep Poonia who accused it of malpractices, misleading ads

The court order restricts Poonia from accessing WhiteHat Jr's internal communication channels or making any of its information public until 6 January.