Story thread · 2 reports / 2 sources

Fortis Healthcare reviews Delhi HC ruling in Daiichi Sankyo case, may approach Supreme Court

economictimes.indiatimes.com · 13dShare

New Delhi: Fortis Healthcare is reviewing the Delhi High Court decision on the Daiichi Sankyo arbitration case and may approach the Supreme Court, people in the know told ET. The high court on Monday delivered a judgment that creates a massive contingent liability for the company.In the 213-page judgment, Justice Subramonium Prasad ordered a forensic audit into Fortis' transactions from the time the Singh brothers were in control to the period when IHH took over.Also Read: Delhi HC orders forensic audit of Fortis, IHH and RHT transactions in $4.6-billion Daiichi-Singh caseBased on a full reading of the judgment, it is clear that the court can grant appropriate remedies against any person found to have violated court orders and frustrated the execution of the decree. The court has included scrutiny of the acquisition of the controlling interest by IHH and "the role of the concerned parties." The court could, therefore, structure a remedy requiring direct payment to Daiichi Sankyo from "

First report: Delhi HC appoints forensic auditor to examine Fortis-linked transactions in Daiichi case — livemint.com, 14d