फ़ोर्टिस ने दिल्ली उच्च न्यायालय के आदेश पर सुप्रीम कोर्ट में अपील दायर की

- News

- Business News

- India Business News

- Fortis moves Supreme Court against Delhi High Court order

Trending

In another twist to the protracted battle against Fortis Healthcare and Japanâs Daiichi Sankyo, the former has filed an appeal in the Supreme Court against a recent Delhi high court order requiring a forensic audit of its dealings with IHH Healthcare and RHT Health Trust.The case relates to Daiichi Sankyoâs efforts to enforce its arbitral award against the erstwhile promoters of Fortis Healthcare, Malvinder and Shivinder Singh, and to a complex ownership dispute rooted in a legal battle between the parties.At present, Malaysia-based IHH holds a controlling stake in Fortis Healthcare. Prior to IHHâs takeover, Fortis was operated by Singapore-based RHT Health Trust, and thereafter funds infused by IHH were subsequently used to buy out the trust.A Special Leave Petition (SLP) filed by Fortis before the Supreme Court on September 16, a copy of which was accessed by TOI, says the Delhi high court order issued far-reaching directions based on what it described as highly prejudicial findings against Fortis Healthcare, even though the company was not a party to the arbitration proceedings, and wholly unconnected to the underlying arbitration.Fortis, said it is a publicly listed company and "the consequences of the high court order fall not on the wrongdoers, but on the approximately 2.5 lakh public shareholders and IHH, the âwhite knightâ that rescued it'.

End of Article

Follow Us On Social Media

Powered by Nyaya 247 News