Fortis owns 27 per cent stake in RHT at the moment. Bulk of the current fund infusion will go into the buyback of healthcare assets that are currently leased out from the RHT.

The ICRA has observed that the additional liability of Rs 200 crore will further deteriorate the company's already stretched financial flexibility and liquidity profile.

Sebi says Fortis Healthcare and Fortis Hospitals diverted funds through their firms Best, Fern, and Modland to the parent companies for the ultimate benefit of Shivi Holdings, Malav holdings, Shivinder Mohan Singh and Malvinder Singh.

Recent cases indicate that Indian courts are taking an increasingly pro-arbitration stance by refusing to interfere in arbitral awards on merits.

The Delhi High Court on Thursday directed former Ranbaxy Laboratories Ltd promoter Shivinder Singh to pay the money owed to Japanese pharma major Daiichi Sankyo under an arbitral award won by it in 2016.

Daiichi Sankyo, which has filed an intervention application in the insolvency plea filed by HDFC Bank, said they have a decree to recover money against RHC Holding.

Shivinder Singh says he decided to withdraw the case after \"repeated urging\" by his mother. He also says his decision to disassociate from his brother, and tread an independent path, stands.

Their mother Nimmi Singh has requested both her sons to engage in mediation led by family elders to settle issues, says the withdrawn application.

Shivinder Singh's petition against brother Malvinder and former Religare CEO Sunil Godhwani points at only the tip of the iceberg in the corporate mismanagement that led to the Singh brothers losing control of Fortis Healthcare and  Religare.

Experts, who have studied family-led businesses, offer some lessons.

Ladies from the families were not supposed to ask any questions with regard to the business activities as the same were supposed to be handled by male members.

An influential 'Baba' and his family with a weakness for materialism; two young businessmen loaded with nearly Rs 10,000 crore from an asset sale; and a family confidante have together cooked a cauldron that Bollywood potboilers are made of. Their machinations wrecked a flourishing empire and vapourised nearly $3.2 billion (Rs 22,500 crore then) into thin air. Watch BusinessToday.In Editor Rajeev Dubey discuss the fall of the Singh brothers' empire.

In a petition filed before the New Delhi-bench of the National Company Law Tribunal, the younger of the Singh siblings, who were synonymous with each other for decades, sued Malvinder for \"oppression and mismanagement\" of their companies.

Cars and other durables to get costlier this festive seasonWith the rupee's continuous fall against the dollar automobile and consumer goods companies are facing a tough time. This festive season will see these goods become more expensive. LG, Haier, and Godrej Appliances have hiked prices by 3-5 per cent this month. Panasonic India is expected to increase product prices by 2-3 per cent soon as reported by the Business Standard. Maruti Suzuki, the country's largest carmaker, has i...

In his petition before the National Company Law Tribunal in New Delhi, Shivinder has leveled the following charges against elder brother Malvinder and former Religare CEO Sunil Godhwani.