Daiichi case: HC tells Singh brothers to disclose stake in group entities

Daiichi can access previous asset declarations by Singh Brothers on affidavit 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 on the value of unencumbered shareholding of the brothers in various group entities. The court also allowed Daiichi to access previous asset declaration by the Singh brothers provided an affidavit of confidentiality is submitted.

In one of the arguments made by Advocate Harish Salve, who represented the Singh brothers, mentioned that the Singh brothers do not have plans to sell Finvest. On the other hand C A Sundaram and Arvind Nigam, advocated for Daiichi said that 80