New Delhi (NVI): The Supreme Court today said that ex-Ranbaxy promoter brothers Malvinder Singh and Shivinder Singh brothers violated its order asking them not to divest their shares in Fortis Healthcare Limited and pronounced them guilty of contempt of court in a case filed by Japanese firm Daiichi Sankyo.
The apex court said the Singh brothers violated its order asking them not to divest their shares in Fortis Healthcare Limited, reports said.
Daiichi has sought enforcement of a Rs 3,500-crore arbitration award granted to it by Singapore tribunal in its case against Singh brothers.
A Supreme Court Bench which comprised of Chief Justice of India Ranjan Gogoi and Justice Deepak Gupta held the former promoters guilty and said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to the Malayasian firm IHH Healthcare was put on hold.
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