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Singh brothers' feud is a wake-up call for corporate governance in dysfunctional family-run companies
Narayanan Madhavan •The Singh brothers have lost control of two listed companies — Fortis Healthcare and Religare Enterprises — in less than a decade.
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
Fp Staff •Earlier on Wednesday, Religare Finvest lodged a criminal complaint with the Economic Offences Wing (EOW) of the Delhi Police against the Singh brothers.
Malvinder Singh asked to deposit 3.5 mn Singapore dollars, 'disobeyed orders' says Delhi HC
•The court’s order came after it was informed by the counsel for Malvinder, who was present in the court, that his 45 lakh equity shares in Religare Healthcare Pvt Ltd were sold in Singapore in April.
Fortis Healthcare: Shivinder Singh sues brother Malvinder alleging oppression, mismanagement of business; moves NCLT
Fp Staff •Last month, the brothers who are co-promoters of the Group had put the blame on former Religare Enterprises Chairman and Managing Director Sunil Godhwani for the group's troubles.
Fortis Healthcare to appoint external agency to undertake scrutiny of its internal controls and compliances
•Fortis had in February this year decided to carry out an independent investigation through an external legal firm following allegations of siphoning off nearly Rs 500 crore
Fortis Healthcare says 'systemic lapses' found in inter-corporate borrowings; findings submitted to SEBI and SFIO
•The company has initiated legal action for recovery of these outstanding ICDs and other advances, Fortis Healthcare said
Fortis Healthcare defers approval of quarterly and annual financial results again, board meeting to reconvene today
•Fortis Healthcare has again deferred approval of quarterly and annual financial results for the period ended March 31, 2018
Daiichi writes to ED: Singh brothers of Ranbaxy fame formed companies of ‘dubious nature’ to siphon off money
Fp Staff •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.