Shivinder to withdraw petition in NCLT against elder brother Malvinder on mother's advice

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.

Shivinder had earlier this month filed an application before the Delhi bench of the National Company Law Tribunal (NCLT) alleging that collective and ongoing actions of Malvinder and Godhwani led to a systemic undermining of the interests of the companies and their shareholders.

Confirming the move, Shivinder told PTI :"I have applied to withdraw the petition before NCLT, that is coming up for hearing."
In his application before NCLT, Shivinder has said: "The mother of petitioner no 2 (Shivinder) and respondent no 2 (Malvinder) has requested both her sons to engage in mediation led by family elders respected by both her sons with a view to them settling inter se issues between them."
The application further said: "Out of respect for their mother, the parties have already started mediation and as per the request of the mediators to constructively progress the mediation, the petitioners wish to withdraw the petition, without prejudice to their rights and contentions."