Daiichi Sankyo case: SC holds former Ranbaxy promoters Malvinder, Shivinder Singh guilty of contempt of court
5 years, 1 month ago

Daiichi Sankyo case: SC holds former Ranbaxy promoters Malvinder, Shivinder Singh guilty of contempt of court

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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 New Delhi: The Supreme Court Friday held former Ranbaxy promoters Malvinder and Shivinder Singh guilty of contempt for violating its order that had asked them not to divest their shares in Fortis Healthcare Limited. The apex court had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them, in favour of Japanese drug manufacturer Daiichi Sankyo. Singh Brothers can purge contempt by deposit of Rs 1,175 cr each pic.twitter.com/BFuCHx2AW6 — CNBC-TV18 November 15, 2019 A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta held them guilty of contempt of court and said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to Malaysian firm IHH Healthcare was put on hold. On 16 February last year, the Supreme Court had dismissed the Singh brothers’ appeal against the high court verdict upholding the international arbitral award, saying it was not inclined to interfere with it.

History of this topic

Contempt Of Court : Supreme Court Sentences Malvinder Singh & Shivinder Singh To 6 Months Imprisonment For Flouting Orders In Daiichi-Ranbaxy Case
2 years, 3 months ago
Daiichi Sankyo Case: Supreme Court Asks Banks & Financial Institutions To Disclose Documents Related To Fortis Healthcare- IHH Healthcare Deal
3 years, 10 months ago
Fortis Healthcare says exploring legal options to address contempt notice by Supreme Court
5 years, 1 month ago
Exploring legal options to address contempt notice by SC: Fortis Healthcare
5 years, 1 month ago
Ex-Ranbaxy Promoters Malvinder, Shivinder Singh Guilty Of Contempt:SC
5 years, 1 month ago
Ranbaxy case: SC holds Malvinder, Shivinder Singh guilty of contempt
5 years, 1 month ago
Explained: The case against Malvinder and Shivinder Singh, ex promoters of multi-billion dollar Ranbaxy
5 years, 2 months ago
Ranbaxy ex-promoters Malvinder, Shivinder Singh sent to 4-day police custody
5 years, 2 months ago
Ranbaxy promoters Malvinder, Shivinder Singh diverted funds despite order to maintain stakes, Daiichi Sankyo tells SC
5 years, 8 months ago
Miffed at replies of ex-Ranbaxy promoters, Supreme Court to hear Daiichi's contempt plea against them
5 years, 9 months ago
SC asks Malvinder Singh and Shivinder Singh to submit concrete plan for paying Rs 3,500 cr to Daiichi Sankyo
5 years, 9 months ago
Supreme Court asks ex-Ranbaxy promoters to apprise how they will comply with ₹3500 crore arbitral award
5 years, 9 months ago
SC asks Ranbaxy’s former promoters Singh brothers how they plan to pay Rs 3,500 cr to Daiichi Sankyo
5 years, 9 months ago
SC asks ex-Ranbaxy promoters to apprise how they'll comply with Rs 3500 cr arbitral award
5 years, 9 months ago
SC Orders Personal Appearance Of Ex-Promoters Of Ranbaxy
5 years, 10 months ago
SC seeks Fortis response over transferring ₹4,000 crore to RHT Health
5 years, 11 months ago

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