In a setback to former promoters of Ranbaxy, Malvinder Singh and Shivinder Singh, the Delhi high court on Wednesday upheld an international arbitral award of Rs 3,500 crore against them.
In 2016, a Singapore tribunal had passed an award in favour of Japanese pharma major Daiichi Sankyo on its allegation that the former promoters of Ranbaxy Laboratories concealed information about proceedings against them by American Food and Drug Department (FDA) and its department of justice.
In a setback to former promoters of Ranbaxy, Malvinder Singh and Shivinder Singh, the Delhi high court on Wednesday upheld an international arbitral award of Rs 3,500 crore against them.
In 2016, a Singapore tribunal had passed an award in favour of Japanese pharma major Daiichi Sankyo on its allegation that the former promoters of Ranbaxy Laboratories concealed information about proceedings against them by American Food and Drug Department (FDA) and its department of justice.
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