STARTUP LEGAL25 Sept 2026
Fortis loses Supreme Court challenge against forensic audit in Daiichi-Singh brothers case | Company Business News
The Supreme Court has refused to interfere with a Delhi High Court order for a forensic audit of Fortis Healthcare and its former promoters, the Singh brothers. The audit will examine transactions said to have moved assets away. It is tied to a ₹3,500 crore Daiichi Sankyo award from 2016. The court said its remarks against Fortis are only tentative.
Key Statutory Highlights
- The Supreme Court on September 25 refused to interfere with a Delhi High Court order directing a forensic audit of transactions involving Fortis Healthcare and its former promoters, Malvinder Mohan Singh and Shivinder Mohan Singh.
- The dispute is linked to a ₹3,500 crore arbitral award passed in favour of Daiichi Sankyo in 2016, which came after the Singh brothers sold Ranbaxy Laboratories to the Japanese company in 2008.
- The Delhi High Court appointed S Ramanand Aiyar and Co as the forensic auditor and gave it six months to complete the exercise.
Actionable Advice for Taxpayers / Founders:Keep your related-party and promoter transaction records clear and complete. If a dispute is already in court, speak to your lawyer before moving any assets, since a forensic audit can trace where funds went. No outcome is certain.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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