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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.

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.

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.

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.

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. (17-0)

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. (4-0)

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.

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

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

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.

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

IHH Healthcare set to seal deal for Fortis, SRL stake

2017-06-19 livemint
IHH Healthcare to buy 26% stake in Fortis from Malvinder and Shivinder Singh; both sides agree to a combined $2.9 billion valuation for Fortis and SRL Diagnostics

Board of Oscar Investments approves change in MD

2017-05-03 indiainfoline
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Daiichi protests Singhs' Religare Health Insurance stake sale in court

2017-04-17 business-standard
Daiichi Sankyo approached the Delhi High Court on Monday to protest against the 80 percent stake sale of Religare Health Insurance by former Ranbaxy promoter's Malvinder and Shivinder Singh. The objection to the April 9 sale of Religare's insurance business with private equity fund True North Managers marks Daiichi's latest attempt at securing the assets of the Singh brothers for the realisation of a Rs 2,562 crore Singapore arbitration award in favour of the Japanese pharmaceutical major.

Shivinder and Malvinder Singh look to sell some assets, but there’s a catch

2017-03-28 livemint
The latest turn in a long running legal brawl with Daiichi Sankyo means Shivinder Singh and Malvinder Singh can’t change the status of their holdings without first getting permission from the Delhi high court