Supreme Court asks 17 lenders to explain Fortis Healthcare’s stake sale

Supreme Court asks 17 lenders to explain Fortis Healthcare’s stake sale

The Supreme Court on Thursday directed 17 lenders, banks and financial institutions to explain the share sale by ‘s former promoters Malvinder Singh and Shivinder Singh. Passing a slew of directions, a bench comprising Justices U.U. Lalit, Indira Banerjee and K.M. Joseph said: “We direct all the notice banks and financial institutions: – (a) to … Read more

SC stays bail granted to ex-Fortis Healthcare promoter Shivinder Singh in money laundering case

SC stays bail granted to ex-Fortis Healthcare promoter Shivinder Singh in money laundering case

NEW DELHI: The Supreme Court has stayed the bail granted to former Fortis Healthcare promoter Shivinder Mohan Singh in a money laundering case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL). A bench comprising justices Arun Mishra, B.R. Gavani and Krishna Murari on Friday passed the direction on a plea moved by … Read more