Fortis Healthcare has filed an appeal in the Supreme Court against a Delhi High Court order that mandated a forensic audit of its transactions with IHH Healthcare and RHT Health Trust.
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What was said3
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Fortis Healthcare
3 quotes“the consequences of the high court order fall not on the wrongdoers, but on the approximately 2.5 lakh public shareholders and IHH, the ‘white knight’ that rescued it”
“Notably, the Petitioner was never a party to those proceedings in any capacity whatsoever and had no role in the dispute”
“The order violates well-established principles of company law that no attribution (i.e., holding a company responsible for the acts of its directors) can apply to a listed company like the petitioner (Fortis) with lakhs of shareholders”
Sources1
All filed from IndiaNamed India · Japan · Malaysia · Singapore · IHH Healthcare · Ranbaxy Labs · RHT Health Trust · Daiichi Sankyo · Delhi High Court · Fortis Healthcare · Malvinder Singh · Shivinder Singh · Supreme Court
- [1]The Times of IndianeutralFortis moves Supreme Court against Delhi High Court order