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Make plan by February 24 to pay Daiichi Sankyo, SC to Singh brothers

Make plan by February 24 to pay Daiichi Sankyo, SC to Singh brothers

Tuesday, February 4, 2020, 10:14 AM

The SC asked former Ranbaxy Laboratories promoters Malvinder and Shivinder Singh to come up with a concrete schedule by February-24 to pay the money they owe Japanese drug maker Daiichi Sankyo under an arbitration award. The top court did not lift the status-quo order on Malaysia-based IHH Healthcare's open offer to the shareholders of Fortis Healthcare, which too was controlled by the Singh brothers.
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