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Shivinder vs Malvinder: Singh brothers inch towards business split

NCLT allows Shivinder to withdraw petition against his brother

Shivinder and Malvinder
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Shivinder and Malvinder

Veena ManiSohini Das New Delhi/Mumbai
The National Company Law Tribunal's (NCLT's) principal Bench in New Delhi on Friday allowed Fortis Healthcare co-founder Shivinder Singh to dismiss the case against his brother Malvinder Singh and former Religare Enterprises chief Sunil Godhwani. Following this, Shivinder announced that a split was unavoidable and the truce was only a temporary one. 

Stressing that this is only a withdrawal of the application, and not the allegations, Shivinder’s lawyers claimed, “The two brothers cannot conduct business together, so a split is inevitable now. In RHC Holdings the brothers have equal shareholding through their investment arms Shivi Holdings and Malav Holdings. RHC has