InGovern note looks at broader questions raised by fortis audit order; Fortis now before Supreme Court
New Delhi, Sept. 22 -- Proxy advisory firm InGovern has warned that the reasoning behind the Delhi High Court's forensic-audit order against Fortis Healthcare, if it stands, could expose any listed company in India to enforcement proceedings arising from the personal debts of its promoters, a concern that has taken on fresh significance now that Fortis has itself approached the Supreme Court against the order.
On August 31, 2026, the Delhi High Court appointed a forensic auditor in execution proceedings tied to Daiichi Sankyo's arbitral award against Fortis's former promoters, Malvinder Mohan Singh and Shivinder Mohan Singh.
The audit, which dates back to conduct from May 2016, covers pledges, transfers, sales and the use of considerati...
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