Expressing shareholders' concerns over lag in IHH's planned open offer for Fortis, Rakesh Jhunjhunwala stressed that the deal was \"fair\" and IHH should conclude it since the open offer has been pending for a year

Besides Malvinder, the court also remanded Sunil Godhwani, former CMD of Religare Enterprises Ltd (REL), to ED's custody till November 28

Malvinder had blamed Shivinder of siphoning off funds \"with the ulterior motive of gaining ultimate control of the seat of spiritual head of the RSSB which has been promised to him by Dhillon in lieu of this financial gain to himself\"

Fortis Healthcare has firmly stated that no part of proceeds from the stake sale to IHH Healthcare was paid to Malvinder Singh, Shivinder Singh, or any of their controlled entities

The Supreme Court said that the Singh brothers had violated an earlier order by the court to put on hold the sale of their controlling stakes in Fortis Group to Malaysian firm IHH Healthcare

Daiichi Sankyo case: The quantum of the sentence would be announced after the court hears the Singh brothers

The Delhi HC court had asked Gurinder Singh Dhillon and his family members, Singh brothers, former Religare chief Sunil Godhwani and his brother Sanjay Godhwani to be present at the court hearing on November 14

Both Malvinder and Shivinder are currently in jail in a fund misappropriation case related to Religare Finvest Ltd

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

BusinessToday.In on March 12 reported Singh brothers could only pay the $500 million order against them to compensate Daiichi, provided the money owed to them by RSSB chief Gurinder Singh Dhillon and his family is recovered

Religare fraud: Chief Metropolitan Magistrate Deepak Sherawat extended the custodial interrogation of the accused after the probe agency said that new material had emerged in the case.

\"YES Bank Limited recovers Rs 645 crore of Religare exposure through sale of a 6.77% block of Fortis Healthcare Limited shares,\" the statement read

These loans were disbursed and re-paid over and over again in these years. Religare Finvest has claimed it was defrauded to the tune of Rs 2,397 crore as principal and Rs 415 crore as interest due at last count when this cycle stopped

Former Religare promoters Malvinder Singh and Shivinder Singh, former Religare CMD Sunil Godhwani and two others were arrested on charges of fund misappropriation on Thursday