The Supreme Court Friday held former Ranbaxy promoters Malvinder and Shivinder Singh guilty of contempt for violating its order that had asked them not to divest their shares in Fortis Healthcare Limited. The apex court had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them, in favour of Japanese drug manufacturer Daiichi Sankyo. ET's Teena Thacker has more. (Text: PTI)
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The Supreme Court Friday held former Ranbaxy promoters Malvinder and Shivinder Singh guilty of contempt for violating its order that had asked them not to divest their shares in Fortis Healthcare Limited. The apex court had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them, in favour of Japanese drug manufacturer Daiichi Sankyo. ET's Teena Thacker has more. (Text: PTI)
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The Supreme Court on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited. The apex curt had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo.
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Watch SC holds former Ranbaxy promoters Malvinder, Shivinder Singh guilty of contempt of court With HD Quality
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In a big setback for Anil Ambani, the Supreme Court today held Reliance Group chairman and its two directors guilty of contempt in pleas filed by telecom equipment maker Ericsson for not clearing its dues of Rs 550 crore. Court asked Ambani to pay Rs 453 crore to Ericsson in four weeks, failing which he will have to serve three months of jail term.
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Watch Ericsson case- SC holds Anil Ambani guilty of contempt, to be jailed if he fails to pay Rs 453 crore With HD Quality
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HC Says Tourism Dept Will Be Held For Contempt If 'Sunburn' Is Held Without Recovering Dues
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SC holds Anil Ambani guilty of contempt, orders RCom to pay Ericsson
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The Supreme Court has issued notice to the Reserve Bank of India (RBI) on a contempt petition which alleged that the central bank did not provide information sought about the inspection reports of some banks and on the alleged irregularities in the case of Sahara Group of companies under the transparency law.
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