Tuesday, October 4, 2022
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Supreme Court sends Malvinder, Shivinder Singh to jail for contempt; orders forensic audit of Fortis-IHH deal

In January 2018, the Delhi High Court ruled that the ₹3,500 crore arbitration award that Daiichi Sankyo won against the Singh brothers for concealing information about the erstwhile Ranbaxy Laboratories, was enforceable in India.

Daiichi Sankyo then filed a petition to enforce the arbitral award passed by a Singapore tribunal in 2016.

The Securities and Exchange Board of India (SEBI) had also barred the Singh brothers from accessing the securities market for a period of three years. They have also been restrained from being associated as directors or key managerial personnel in a listed company or SEBI-registered intermediary of any market infrastructure institution (MII). 

Source: Barandbench

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