Singh Brothers

Failure to pay the fines could lead to attachment and sale of properties

Former Ranbaxy promoters Malvinder Singh and Shivinder Singh are accused of concealing information about wrongdoing at Ranbaxy during its sale of a majority stake to Daiichi Sanyo, in 2008

The case relates to alleged siphoning of Rs 2,315 crore from RFL to benefit promoters and connected entities

The case pertains to misappropriation of funds by the erstwhile promoters and their related entities from Fortis Healthcare

Justice Vibhu Bakhru allowed the SFIO to interrogate the Singh brothers, former CMD of REL Sunil Godhwani and Kavi Arora for two weeks from January 1, 2021 onwards

License agreement of Fortis, SRL brands expire in 2021

The high court imposed various other bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.

The loan amount is due since October 31, 2019, along with further interest and cost due to the secured creditor from the borrower and mortgager

Senior advocate Arvind Nigam, appearing for Daiichi, said this was a deliberate attempt to deprive the company from enjoying the fruits of the award in its favour

The brothers are currently in judicial custody following Supreme Court order in November last year that held them guilty of violating earlier court orders

The ED had arrested Singh and Godhwani in the money laundering case on November 14

Singh and Godhwani are accused of laundering money, punishable under sections 3 and 4 of the Prevention of Money Laundering Act

The Supreme Court held Fortis' founders -- Malvinder Singh and Shivinder Singh -- guilty of contempt of court

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Daiichi Sankyo has alleged the brothers created encumbrances on 1.2 million shares of Fortis in violation of court orders

ED took the accused in its custody inside the Tihar central jail here

Japanese drug major Daiichi Sankyo has been fighting a prolonged legal battle with the Singh brothers

The submission was made before Chief Metropolitan Magistrate Deepak Sherawat who extended by two days the police custody of the Singh brothers and Sunil Godhwani, the former chairman and MD of REL

ED is learnt to have summoned Singh brothers along with close associate N K Ghoshal

In October, the Sebi had directed Fortis to take necessary action to recover Rs 403 cr from Singh brothers