Daiichi Sankyo case: SC holds former Ranbaxy promoters Malvinder, Shivinder Singh guilty of contempt of court
The Supreme Court on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited
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
Fortis acquisition: IHH Healthcare says it 'understands concerns' of minority shareholders over delay in open offer
Malaysian firm IHH Healthcare on Friday said it "understands the concerns" of the Fortis Healthcare's minority shareholders over the delay in the open offer but stressed that it would proceed with the offer only when the stay is lifted by the Supreme Court
Ranbaxy promoters Malvinder, Shivinder Singh diverted funds despite order to maintain stakes, Daiichi Sankyo tells SC
The Supreme Court had earlier expressed displeasure at the replies of Malvinder and Shivinder to its directive to submit a plan for paying Rs 4,000 crore to Daiichi Sankyo, as awarded by a Singapore tribunal.
Sun Pharma group's senior executive Abhay Arvind Gandhi and his wife Kiran have settled with SEBI a case related to insider trading in shares of Ranbaxy Laboratories in 2014
Miffed at replies of ex-Ranbaxy promoters, Supreme Court to hear Daiichi's contempt plea against them
Miffed at replies of former Ranbaxy promoters Malvinder and Shivinder Singh to its directive to submit a plan for paying Rs 4,000 crore to Daiichi Sankyo, as awarded by a Singapore tribunal, the Supreme Court on Friday threatened to send them to jail if found that they have violated the apex court's order
SC asks Malvinder Singh and Shivinder Singh to submit concrete plan for paying Rs 3,500 cr to Daiichi Sankyo
The Supreme Court on Thursday asked former Ranbaxy promoters Malvinder Singh and Shivinder Singh to submit a concrete plan for paying Rs 3,500 crore to Daiichi Sankyo as directed by a Singapore tribunal
SC asks Ranbaxy’s former promoters Singh brothers how they plan to pay Rs 3,500 cr to Daiichi Sankyo
The SC, on 14 December last year, had ordered status quo with regard to the sale of controlling stakes of Fortis Healthcare.
Malvinder Singh alleges spiritual leader Gurinder Singh Dhillon used money from Ranbaxy stake sale to buy properties
Malvinder Singh, in his complaint filed with the Economic Offences Wing in February, said that RHC Holding Pvt. Ltd, made loans worth Rs 5,482 crore to Dhillon’s family members
Singh brothers' feud is a wake-up call for corporate governance in dysfunctional family-run companies
The Singh brothers have lost control of two listed companies — Fortis Healthcare and Religare Enterprises — in less than a decade.
Malvinder Singh files criminal complaint against brother Shivinder Singh, spiritual leader for financial fraud, death threat
The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.
SEBI asks Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, seven others
The fresh order comes after the two companies made representation to the markets regulator.
Religare approaches Corporate Ministry with complaint against Singh brothers, ex-chairman Sunil Godhwani
Earlier on Wednesday, Religare Finvest lodged a criminal complaint with the Economic Offences Wing (EOW) of the Delhi Police against the Singh brothers.
Unable to proceed with Fortis open offer for time being as SC order puts on hold further stake sale: IHH Healthcare
Malaysia's IHH Healthcare on Monday said it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Supreme Court order to put on hold sale of controlling stake in the Indian hospital chain.
The National Company Law Tribunal (NCLT) on Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company promoted by Singh brothers -- Malvinder Mohan Singh and Shivinder Mohan Singh.
Daiichi Sankyo, which has filed an intervention application in the insolvency plea filed by HDFC Bank, said they have a decree to recover money against RHC Holding.
Shivinder Mohan Singh withdraws petition against brother Malvinder; market reacts favourably with Religare Enterprises trading up 6%
Shivinder had filed a lawsuit last week against older brother Malvinder and former chief of financial services firm Religare Enterprises Sunil Godhwani
Daiichi writes to ED: Singh brothers of Ranbaxy fame formed companies of ‘dubious nature’ to siphon off money
Daaichi is awaiting to get an arbitration award of Rs 3,500 from Singh brothers who according to the company did not reveal full details of Ranbaxy at the time of selling it to Daiichi.
Shares of Fortis Healthcare jumped 24.5 percent on Friday amid reports that Manipal hospital, backed by TPG, is in advanced talks to merge the company with itself.
Fortis founders Malvinder Singh and his brother Shivinder Singh have been alleged to have siphoned off around Rs 500 crore or $78 million out of the publicly-traded hospital, Fortis Hospitals Ltd. (FHSL), without board approval a year ago, Bloomberg reported, quoting sources.