Shivinder Singh likens Malvinder Singh to 'Bhasmasur'; Malvinder says brother's 'sanyas' fake: NCLT filings

Shivinder Singh likens Malvinder Singh to 'Bhasmasur'; Malvinder says brother's 'sanyas' fake: NCLT filings

Both the brothers accuse each other of large-scale fraud and corruption; Shivinder says Malvinder should be removed as the holding company's director; Malvinder says his brother filed the suit against him only to stop RHC Holding from demanding money from Gurinder Singh Dhillon-led RSSB

Former Religare promoters Shivinder Singh and Malvinder Singh
BusinessToday.In
  • New Delhi,
  • Oct 29, 2019,
  • Updated Oct 29, 2019, 1:03 PM IST

Former Religare promoter Shivinder Singh, in his NCLT filing in July, called his brother Malvinder Singh 'Bhasmasur'. He also alleged Malvinder was suffering from personality disorder. He has sought a "forensic probe" of RHC Holding. Meanwhile, Malvinder, in his NCLT filing in August, said he deserved the right to take suitable legal action against his brother Shivinder for making "scurrilous insinuations".

The NCLT hearings in the case will be held in December.

"MMS (Malvinder Mohan Singh) has turned out to be the mythological 'Bhasmasur' for the RHC group. Wherever he became head of a business -- Ranxbaxy, Fortis, Religare, SRL Labs Ltd -- he decimated the value to zero for the RHC group," Shivinder said in the NCLT filing.

Read more!
RECOMMENDED