Company Overview and News

HC asks Fortis’ reply in Daiichi Sankyo’s attempt to stop its sale to Manipal

2018-04-06 livemint
New Delhi: The Delhi high court on Thursday directed Fortis Healthcare Ltd to file its reply and affidavit in an application moved by Japanese drugmaker Daiichi Sankyo seeking to prevent the sale of Fortis Healthcare to Manipal Health Enterprises.
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Fortis Healthcare rises 5%; Delhi Court asks firm to respond on Daiichi#39;s plea to stall restructuring process

2018-04-06 moneycontrol
Fortis Healthcare share price gained more than 5 percent intraday Friday after the Delhi Court asked company to respond on Daiichi's plea to stall restructuring process.
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Delhi HC orders attachment of Singh brothers’ moveable assets

2018-03-23 livemint
New Delhi: The Delhi high court on Friday ordered the attachment of all moveable property disclosed in an affidavit by former Ranbaxy Laboratories promoters, brothers Malvinder Singh and Shivinder Singh, and others in relation to a Rs3,500 crore arbitration case with Japanese drug maker Daiichi Sankyo Co. Ltd.
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Daiichi arbitration case: Delhi High Court orders attachment of Singh brothers#39; declared assets

2018-03-23 moneycontrol
The Delhi High Court on Friday ordered attachment of all declared assets of Singh brothers in a case related to the enforcement of a foreign arbitration award of Rs 3,500 crore by Japanese drug maker Daiichi Sankyo, according to a CNBC-TV18 report.
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Daiichi case: HC  orders attachment of Singh bros’ assets

The court restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
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Daiichi-Fortis Case: Delhi HC attaches all assets of RHC Holdings and Oscar Investments

2018-02-26 moneycontrol
Delhi High Court has attached all assets of RHC Holdings and Oscar Investments. The court has restrained RHC Holdings and Oscar Investments from working bank accounts. They can operate bank accounts for salary and statutory dues.
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Delhi HC attaches assets held by Oscar Investments, RHC Holding

2018-02-26 livemint
New Delhi: The Delhi high court on Monday issued a warrant of attachment against all the assets disclosed by Oscar Investments Ltd and RHC Holding Pvt. Ltd, owned by Ranbaxy promoters Malvinder and Shivinder Singh, in their 2 December 2016 and 14 March 2017 affidavits submitted to the court.
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Delhi HC attaches all assets of Singh bros#39; RHC Holdings and Oscar Investments

2018-02-26 moneycontrol
In a major blow to Singh brothers – the promoters of Fortis Healthcare and Religare Enterprises – the Delhi high court in its interim order on Monday attached all assets of RHC Holdings and Oscar Investments.
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Supreme Court refuses to allow banks to sell shares pledged by Singh brothers

2017-10-12 livemint
New Delhi: The Supreme Court on Thursday refused to pass any interim order to permit banks to sell shares pledged by Malvinder Singh and Shivinder Singh in Fortis Healthcare Holding Pvt. Ltd.
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Religare tells HC, sale of health insurance business unlikely this year

2017-09-27 livemint
New Delhi: Religare Enterprises Ltd, promoted by brothers Shivinder Singh and Malvinder Singh, told on Wednesday the Delhi high court that the sale of its health insurance business is unlikely to happen this year.
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Supreme Court asks Singh brothers to maintain status quo on Fortis Healthcare stake

2017-08-11 livemint
New Delhi: The Supreme Court on Friday directed former Ranbaxy promoters, Malvinder and Shivender Singh, to maintain status quo with regard to their stake in Fortis Healthcare Ltd.
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RHC Holding’s NCDs downgraded as Singh brothers default on payment

2017-07-16 livemint
India Ratings has downgraded NCDs of RHC Holding at a time when Singh brothers are in talks with banks to meet repayment obligations of Religare Enterprises
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Delhi HC seeks Fortis reply to Daiichi’s contempt plea by 10 August

2017-07-05 livemint
Fortis Healthcare Holdings has been selling its unencumbered assets without applying to the court, says Daiichi Sankyo
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Daiichi contempt plea: Delhi HC tells Fortis promoters to respond by Aug 10

2017-07-05 business-standard
The Delhi High Court on Tuesday asked RHC Holdings and Oscar Investments (companies owned by former Ranbaxy promoters Malvinder and Shivinder Singh) to respond by August 10 to a contempt application filed against them by Japanese pharmaceutical major Daiichi Sankyo.
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Daiichi case: Delhi HC allows Fortis stake sale by Singh brothers with rider

2017-06-21 livemint
The order to allow conditional stake sale by Singh brothers in Fortis Healthcare was passed to afford protection to Daiichi Sankyo in terms of ready realizable value of assets at a later stage
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