Fortis Healthcare
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In Ex-Fortis Promoter's Case, Supreme Court Raps Delhi Police
The court has directed the Delhi Police to wrap up the investigation by November end. Additional Solicitor General KM Natraj, appearing for the prosecution, had stated that the police would be able to complete the investigation by January end.
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Supreme Court To Hear Ex Fortis Healthcare Promoter's Bail Plea On Nov 11
The Supreme Court Tuesday said it would hear on November 11 the bail plea of former Fortis Healthcare promoter Shivinder Mohan Singh who is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd funds.
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"There Should Be Fairness": Supreme Court On Ex-Fortis Promoter's Case
The Supreme Court said it does not want to comment on "the way in which government is showing interest and there should be fairness" in a case in which former Fortis Healthcare promoter Shivinder Mohan Singh is accused of misappropriating funds.
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"Need 4 More Months": Cops On Probe In Case Against Ex-Fortis Healthcare Promoter
The Supreme Court was apprised by the Delhi Police Economic Offences Wing on Thursday that it requires four more months to complete the probe in the case in which former Fortis Healthcare promoter Shivinder Mohan Singh is an accused
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Bail Plea Of Ex-Fortis Healthcare Promoter Shivinder Singh Dismissed
A Delhi court Friday dismissed a bail plea of former Fortis Healthcare promoter Shivinder Mohan Singh in a case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL), saying economic offences having deep rooted conspiracies needed to be considered as grave offences affecting the economy of the country.
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Court Extends Ex-Ranbaxy Promoter Shivinder Singh's Custody Till December 26
A Delhi court Thursday extended the Enforcement Directorate custody of former Fortis Healthcare promoter Shivinder Singh till December 26 in a money laundering case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL).
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Delhi Court Rejects Bail Plea Of Ex-Fortis Chief Shivinder Singh
A Delhi court Thursday dismissed the bail plea of former Fortis Healthcare promoter Shivinder Singh in a case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL).
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Ex-Ranbaxy Promoters' Settlement Talks Inconclusive, No Proposal Given
The settlement talks between former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder and scam-hit Religare Finvest Ltd remained inconclusive as no proposal was given, a Delhi court was informed Wednesday.
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Ex-Ranbaxy Promoters To Be Produced Before Court For Settlement Today
A Delhi court Tuesday issued production warrant against former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder, arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL), for settlement talks on Wednesday.
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Top Court Orders Status Quo On Sale Of Shares Of Fortis To Malaysian Firm
The Supreme Court on Friday ordered status quo with regard to the sale of controlling stakes of Fortis Healthcare to Malaysian IHH Healthcare Berhad by former Ranbaxy promoters and hospital operators -- Malvinder and Shivinder Singh.
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Fortis Healthcare Chief Executive Bhavdeep Singh Steps Down
Fortis Healthcare today said its chief executive Bhavdeep Singh has stepped down. The board of directors at Fortis considered and accepted his resignation, the country's second-largest hospital chain said in a stock exchange filing.
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On Mother's Advice, Former Fortis Owner To Withdraw Case Against Brother
Former Fortis Healthcare promoter Shivinder Mohan Singh Thursday said he has decided to withdraw his petition in NCLT against elder brother Malvinder Mohan Singh and ex-Religare chief Sunil Godhwani, as desired by his mother.
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Fortis Initiates Action Against Singh Brothers To Recover Over 500 Crore
Fortis Healthcare today said it has initiated legal action to recover about Rs 500 crore of funds allegedly taken out of the company by its founders Malvinder and Shivinder Singh after an external investigation found "systemic lapses and override of controls" in the loan given.
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Fraud-Hit Fortis Must Hand 4 Directors A Pink Slip
Fortis Healthcare Ltd. has to admit a new owner to keep the lights on. Before it does, though, India's second-largest hospital chain must write four of its board members a discharge slip.
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Singh Brothers Said To Have Taken $78 Million Out Of Fortis
Billionaire Singh brothers took at least 5 billion rupees ($78 million) out of the publicly-traded hospital company Fortis Healthcare Ltd. they control without board approval about a year ago, people with knowledge of the matter said.
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In Ex-Fortis Promoter's Case, Supreme Court Raps Delhi Police
The court has directed the Delhi Police to wrap up the investigation by November end. Additional Solicitor General KM Natraj, appearing for the prosecution, had stated that the police would be able to complete the investigation by January end.
-
Supreme Court To Hear Ex Fortis Healthcare Promoter's Bail Plea On Nov 11
The Supreme Court Tuesday said it would hear on November 11 the bail plea of former Fortis Healthcare promoter Shivinder Mohan Singh who is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd funds.
-
"There Should Be Fairness": Supreme Court On Ex-Fortis Promoter's Case
The Supreme Court said it does not want to comment on "the way in which government is showing interest and there should be fairness" in a case in which former Fortis Healthcare promoter Shivinder Mohan Singh is accused of misappropriating funds.
-
"Need 4 More Months": Cops On Probe In Case Against Ex-Fortis Healthcare Promoter
The Supreme Court was apprised by the Delhi Police Economic Offences Wing on Thursday that it requires four more months to complete the probe in the case in which former Fortis Healthcare promoter Shivinder Mohan Singh is an accused
-
Bail Plea Of Ex-Fortis Healthcare Promoter Shivinder Singh Dismissed
A Delhi court Friday dismissed a bail plea of former Fortis Healthcare promoter Shivinder Mohan Singh in a case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL), saying economic offences having deep rooted conspiracies needed to be considered as grave offences affecting the economy of the country.
-
Court Extends Ex-Ranbaxy Promoter Shivinder Singh's Custody Till December 26
A Delhi court Thursday extended the Enforcement Directorate custody of former Fortis Healthcare promoter Shivinder Singh till December 26 in a money laundering case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL).
-
Delhi Court Rejects Bail Plea Of Ex-Fortis Chief Shivinder Singh
A Delhi court Thursday dismissed the bail plea of former Fortis Healthcare promoter Shivinder Singh in a case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL).
-
Ex-Ranbaxy Promoters' Settlement Talks Inconclusive, No Proposal Given
The settlement talks between former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder and scam-hit Religare Finvest Ltd remained inconclusive as no proposal was given, a Delhi court was informed Wednesday.
-
Ex-Ranbaxy Promoters To Be Produced Before Court For Settlement Today
A Delhi court Tuesday issued production warrant against former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder, arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL), for settlement talks on Wednesday.
-
Top Court Orders Status Quo On Sale Of Shares Of Fortis To Malaysian Firm
The Supreme Court on Friday ordered status quo with regard to the sale of controlling stakes of Fortis Healthcare to Malaysian IHH Healthcare Berhad by former Ranbaxy promoters and hospital operators -- Malvinder and Shivinder Singh.
-
Fortis Healthcare Chief Executive Bhavdeep Singh Steps Down
Fortis Healthcare today said its chief executive Bhavdeep Singh has stepped down. The board of directors at Fortis considered and accepted his resignation, the country's second-largest hospital chain said in a stock exchange filing.
-
On Mother's Advice, Former Fortis Owner To Withdraw Case Against Brother
Former Fortis Healthcare promoter Shivinder Mohan Singh Thursday said he has decided to withdraw his petition in NCLT against elder brother Malvinder Mohan Singh and ex-Religare chief Sunil Godhwani, as desired by his mother.
-
Fortis Initiates Action Against Singh Brothers To Recover Over 500 Crore
Fortis Healthcare today said it has initiated legal action to recover about Rs 500 crore of funds allegedly taken out of the company by its founders Malvinder and Shivinder Singh after an external investigation found "systemic lapses and override of controls" in the loan given.
-
Fraud-Hit Fortis Must Hand 4 Directors A Pink Slip
Fortis Healthcare Ltd. has to admit a new owner to keep the lights on. Before it does, though, India's second-largest hospital chain must write four of its board members a discharge slip.
-
Singh Brothers Said To Have Taken $78 Million Out Of Fortis
Billionaire Singh brothers took at least 5 billion rupees ($78 million) out of the publicly-traded hospital company Fortis Healthcare Ltd. they control without board approval about a year ago, people with knowledge of the matter said.
