Live
- Candlelight Concerts Makes a Dazzling Debut in Hyderabad with Sold-Out 'Tribute to Coldplay' Show
- Shubman Gill Sustains Thumb Injury Ahead of Perth Test; Devdutt Padikkal Joins Test Squad
- Unlock Loot Boxes, Diamonds, Skins, and More Exciting Rewards with Garena Free Fire Max Redeem Codes for November 16
- Regarding the DOGE Plan, Vivek Ramaswamy stated, "Elon Musk and I Will Take a Chainsaw to Bureaucracy"
- Sudanese army says repulsed paramilitary forces attack in western Sudan, killing over 80
- Jaipur Open 2024: Baisoya makes a grand comeback to clinch title in marathon playoff against Rashid Khan
- Jamaat-e-Islami Hind President asks cadre to reach out to larger society beyond community
- Why PM mum on Caste Census, removing 50 pc quota limit: Rahul Gandhi
- Barrackpore Municipality Vice-Chairman found dead at home, suicide note suggests blackmail
- Selection trials announced for 20th Asian Senior Women's Handball Championship
Daiichi-Ranbaxy Row
The Delhi High Court on Wednesday directed former promoters of Indias Ranbaxy Laboratories Ltd, Malvinder and Shivinder Singh, to disclose their bank accounts and assets overseas in a case related to execution of the Rs 3,500 crore arbitral award won by Japanese pharma major Daiichi Sankyo
​New Delhi: The Delhi High Court on Wednesday directed former promoters of India's Ranbaxy Laboratories Ltd, Malvinder and Shivinder Singh, to disclose their bank accounts and assets overseas in a case related to execution of the Rs 3,500 crore arbitral award won by Japanese pharma major Daiichi Sankyo.
Justice Rajiv Shakdher also ordered the Singh brothers not to transfer or create any third party in their shareholdings in RHC Holding Pvt Ltd or trademarks. The court said both the brothers will disclose in an affidavit, in a sealed cover, their assets and bank accounts outside India and also the details of art and paintings.
When advocate Anuradha Dutt, appearing for Singh brothers, raised objection to the direction to disclose foreign assets and accounts on the ground of lack of jurisdiction, the court said it was just asking to give the details and the jurisdiction issue will be dealt with later.
The order came on the plea by Daiichi, through senior advocate Arvind Nigam, seeking a direction to the Singh brothers to disclose their assets outside India and for their personal appearance on the ground that they were taking contradictory stands in their affidavits.
The court was also informed that a chartered accountant, who was appointed local commissioner in the matter, had expressed difficulty in selling the unencumbered shares of the respondents in listed companies.
