Delhi HC asks Singh brothers to show value of unpledged shares

Daiichi to get access to previous asset declaration on promise of confidentiality

The Delhi High Court on Monday asked former Ranbaxy promoters Malvinder and Shivinder Singh to file an affidavit on or before February 8, declaring the value of their unencumbered shareholdings in various group entities of RHC Holdings. 

The bench of Judge Muralidhar also allowed Daiichi to access previous asset declarations made by the Singh brothers in sealed envelopes to the court for use in upcoming judicial proceedings in India and abroad, provided an affidavit of confidentiality was submitted by Daiichi in this regard. 

Daiichi had approached the Delhi High Court last year, seeking the enforcement of a Rs 2,562-crore Singapore arbitration award