 "In a setback, Singh brothers lose appeal in Rs 3,500-crore arbitral award")
In a setback to the Singh brothers, Malvinder Mohan Singh and Shivinder Mohan Singh, Singapore Court of Appeal has dismissed the appeals filed by them against the judgment of the HC of Singapore, which had refused to set aside the arbitral award in favour of Daiichi Sankyo Company.
The brothers are in judicial custody following the Supreme Court order last year that held them guilty of violating earlier court orders that forbade them to sell their stake in Fortis Healthcare.
The brothers were given time till March 2020 for a plan to honour the Rs 3,500-crore arbitration order against them.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%