Fortis Healthcare moves SC against Delhi HC order directing forensic audit, says non-party company cannot be made liable for erstwhile promoters' acts
New Delhi, Sept. 16 -- Fortis Healthcare Limited has approached the Supreme Court challenging the Delhi High Court's August 31 order in the enforcement proceedings relating to Daiichi Sankyo's arbitral award against former Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh and their related entities.
In its Special Leave Petition (SLP), Fortis has alleged that the High Court's directions amount to subjecting a listed company, which was neither a party to the underlying arbitration nor a judgment debtor or garnishee, to an open-ended forensic inquiry.
Fortis has argued that the High Court effectively treated the company as an extension or alter ego of its erstwhile promoters before determining whether there was any legal or...
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