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Malvinder Singh and Shivinder Singh quit Fortis Healthcare board

Board of directors to discuss matter on February 13

Malvinder Mohan Singh, Shivinder Mohan Singh
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Fortis Healthcare executive chairman Malvinder Mohan Singh and non-executive chairman Shivinder Mohan Singh (right)

Sudipto Dey New Delhi
Fortis Healthcare promoters Malvinder Mohan Singh and Shivinder Mohan Singh announced late on Thursday their decision to resign from the board of the hospital chain.
 
This follows a recent Delhi High Court decision to enforce a Rs 35 billion arbitration award, given by a Singapore tribunal and won by Daiichi Sankyo in 2016.
 
Malvinder was executive chairman and Shivinder non-executive vice-chairman of Fortis Healthcare.
 
In a joint letter addressed to the board of directors of Fortis Healthcare, Malvinder and Shivinder said: “In the light of the recent High Court judgement, upholding the plea of Daiichi Sankyo, to