In his plea Dhillon had told the court that RHC Holding has made false claims. The Dhillon had filed an application following the court’s direction to deposit the amount owed to RHC holdings pvt Ltd in connection with the execution of Rs 3500 crore arbitration award won by Japanese form Daiichi Sankyoagainst former Ranbaxy promoters. The order comes after he and his family members told the court that they do not owe any money to RHC Holding Pvt Ltd, promoted by Malvinder and Shivinder Singh. The Delhi High Court has ordered Gurinder Singh Dhillon, chief of Radha Soami Satsang Beas (RSSB) to be personally present in the court on November 14. Delhi HC orders RSSB chief Gurinder Singh Dhillon to appear in court on Nov 14 The RSSB chief is among 55 individuals and entities ordered by the court to pay over Rs 6000 crore owed to RHC Holding Pvt Ltd in connection with the settlement of a dispute to Daiichi Sankyo’s acquisition of Ranbaxy laboratories. It doesn't appear to be good news for Dhillon and his family, who reportedly were the beneficiaries of hundreds of millions of dollars fraudulently siphoned from RHC Holding, a public company.
Today The Economic Times of India ran this story concerning the guru of Radha Soami Satsang Beas, Gurinder Singh Dhillon.ĭownload Daiichi Sankyo-Ranbaxy case: HC asks Radha Soami head 54 others to deposit Rs 6 000 crore Thereafter, this money was transferred to Prius Real Estate Private Limited controlled by Dhillon family associates and RSSB functionaries through optionally convertible debentures (OCD). RoC filings and terms sheets say between 20, Rs 1,107.5 crore from the Rs 9,576 crore sale proceeds of Ranbaxy to Daiichi Sankyo was paid through various RHC group firms. In his submission, Malvinder has maintained that he can pay Daiichi provided he recovered the money owed to him.Īlso read: SC take note! Singh brothers can pay off $500 million to Daiichi, provided the money is recoveredīesides the Dhillon family, the Delhi HC had also issued 'garnishee orders' - an order that's issued against a third party to recover money to settle a debt or dues - against several Dhillon and RSSB associates' companies, including Prius Real Estate, Addon Realty, Payne Realtors SGGD Projects, Luminous Holding.īusinessToday.In had earlier reported the flow of money from Singh brothers to entities owned and controlled by Gurinder Singh Dhillon, his family and RSSB associates. "The garnishees shall also remain present in the Court on the next date of hearing along with all the documents relating to the dealings/transactions with the judgment debtors as well as their related companies on the next date of hearing," says the court order dated October 11.ĭaiichi had earlier enforced an arbitration order in Singapore that ordered the brothers to pay Daiichi $500 million towards alleged non-disclosure of crucial information during the sale of Ranbaxy Laboratories to Daiichi in 2008.Īlso read: Recover money from RSSB chief Dhillon & family to pay Singh brothers' dues to Daiichi: Delhi HCĮxpanding the scope of people from whom the money could be recovered, the court in June had named 56 entities, including Dhillon, his wife Shabnam Dhillon and other family members, and Godhwanis.īusinessToday.In had reported on March 12 that Singh brothers can 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.
The court has asked all accused to remain present in the court, along with all the documents relating to the dealings. Delhi High Court has asked RSSB chief Gurinder Singh Dhillon and his family members, former Religare promoters Shivinder Singh and Malvinder Singh, former Religare chief Sunil Godhwani and his brother Sanjay Godhwani to be present at the court hearing in the Daiichi Sankyo case on November 14.
0 kommentar(er)
